Rank and file members of Congress earn a salary of $174,000 per year. Yet many of these public servants are multi-millionaires. We don’t have to look much further than their publicly available brokerage accounts to know why.
No member of Congress should be permitted to profit from information unavailable to the public. Because every member is provided private classified briefings, advanced notice of policy decisions, or closed-door meetings with key decision makers, no elected official should be allowed to use that information to feather their financial nest.
What is illegal on Wall Street should be illegal for members of Congress.
I will support the Ban Congressional Stock Trading Act, which would force members of Congress to divest or place in a blind trust Stocks owned by the Member, the Member’s spouse, or their dependents.