Momentum builds to ban lawmakers from trading stocks
Posted on AllSides January 12th, 2022
From The Left
Illustration: Sarah Grillo/Axios
Some progressive Democrats and MAGA Republicans are uniting on a proposal to ban sitting lawmakers from trading individual stocks, although it's unlikely that leadership will bring the bill up for a vote.
Why it matters: Members of Congress have great power to move stock prices, and great financial incentives to do so.
"One line in a bill in Congress can be worth millions and millions of dollars," former Rep. Brian Baird (D-Ore.) told 60 Minutes in 2011.
Baird spent years advocating for The Stock Act, which prevented lawmakers from trading on inside information...
