#CongressTradingBan
Congressional Stock Trading Ban Report
The U.S. Congress is considering imposing a ban on stock trading by its members to prevent trading based on insider information and to enhance transparency. This move comes in response to concerns about lawmakers exploiting undisclosed information for financial gain.
Background
The STOCK Act, enacted in 2012, prohibits lawmakers from trading based on non-public information and requires them to disclose financial transactions. However, critics of the law argue that it is riddled with loopholes and lacks effective enforcement. Recent reports have highlighted instances where lawmakers traded shares of companies under investigation by their committees or made significant financial gains from trades shortly after attending private briefing sessions.¹
Proposed Legislation
Several bills have been introduced to address these concerns.
