A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
I understand your point, but that’s what this law would theoritcally accomplish. It would limit representatives/senators from being able to trade stocks (a higher standard than an average citizen). While they can buy/sell stocks before the law, that’s just the current state of affairs.
Regarding the timing of trades, etc. The value of their insider knowledge is really only beneficial over long periods of time. Yes they could buy/sell stock in the interim, but preventing it long term would be an actual win.