How can you beat the stock market? Become a member of Congress and trade on legislative actions! You might think that a member of Congress would be prohibited from trading on non-public information that they obtain through their official position. You might be wrong. Members of Congress and their staff do not owe any “duty … Read more »
Tag: Louise M. Slaughter
Insider Trading by Congress
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 … Read more »