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The Senate Gov Affairs Committee just voted to advance a ban on congress stock trading

Posted on 7/24/24 at 10:33 am
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 7/24/24 at 10:33 am
Posted by Night Vision
Member since Feb 2018
19117 posts
Posted on 7/24/24 at 10:34 am to
dims don't follow the law. If caught the current DOJ would not prosecute them.
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
24838 posts
Posted on 7/24/24 at 10:35 am to
Its a start
Posted by Mellow Drama
Making Groceries
Member since Aug 2020
4656 posts
Posted on 7/24/24 at 10:36 am to
quote:

dims don't follow the law. If caught the current DOJ would not prosecute them.



Nice try, fellas (ETA Hawley, Ossoff, et al). I'm sure our honest elected leaders are fully prepared to follow the law, if it even makes it into law without Senile Joe vetoing it.

This post was edited on 7/24/24 at 10:37 am
Posted by Fun Bunch
New Orleans
Member since May 2008
127958 posts
Posted on 7/24/24 at 10:36 am to
I'd like to know Rand's reasoning, but I think its likely a freedom issue for him, not just wanting to get personally rich.
Posted by teke184
Zachary, LA
Member since Jan 2007
103130 posts
Posted on 7/24/24 at 10:37 am to
Probably over-broad and would not withstand court scrutiny.


Making INSIDER trading illegal for Congress should be a fricking slam dunk. If you know a bill is coming that will subsidize electric cars, you shouldn’t be able to let your husband invest massive amounts in Tesla overnight.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
57897 posts
Posted on 7/24/24 at 10:38 am to
Who would oversee/enforce this? The STOCK Act would like to know.

quote:

The law prohibits the use of non-public information for private profit, including insider trading, by members of Congress and other government employees. It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.
This post was edited on 7/24/24 at 10:40 am
Posted by Barneyrb
NELA
Member since May 2016
6917 posts
Posted on 7/24/24 at 10:41 am to
Spouse's wealth will skyrocket now
Posted by Lsuhoohoo
Member since Sep 2007
101925 posts
Posted on 7/24/24 at 10:42 am to
Disappointed in Rand.


I'm all in on heavy government regulations restricting the freedoms of Congress.
Posted by ezride25
Constitutional Republic
Member since Nov 2008
26287 posts
Posted on 7/24/24 at 10:43 am to
No one (we don’t agree with) is above the law!
Posted by Tiger985
Member since Nov 2006
7465 posts
Posted on 7/24/24 at 10:53 am to
quote:

Its a start


No it isn't.

It just means they have figured out how to circumvent this rule.
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