Insider Trading by Congress

Print Friendly, PDF & Email

Apparently members of Congress and their staff can make trades using non-public information obtained through their official positions.

House Rules Committee Chairwoman Louise M. Slaughter, D-N.Y., and Brian Baird , D-Wash., are sponsoring what they call the Stop Trading on Congressional Knowledge Act (HR 682) that would prohibit Members of Congress and their staffers from using nonpublic information obtained through their official positions to benefit themselves financially.

In a statement, the two said the legislation  is more important now, given the amount of money Congress has authorized to help right the economy under the financial services bailout program.

See also:

Author: Doug Cornelius

You can find out more about Doug on the About Doug page

One thought on “Insider Trading by Congress”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.