BAN CONFLICTED TRADING ACT

The Conflicted: Reps Own Stock in Companies While Serving on Committees Overseeing Them

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Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.

From Sludge
On September 2, 2022
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Ossoff to Intro Bill to Ban Members of Congress and Their Spouses From Trading Stocks

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Sen. Jon Ossoff (D-GA) is planning a bill to ban stock trading by federal lawmakers and their spouses, but it faces an uphill battle this year.

From Sludge
On January 11, 2022
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Top House Dem Buys Stock in Pharma Companies and Defense Contractors

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The Build Back Better Act is in limbo in the U.S. House, with Democratic leaders delaying a vote on the bill on Friday, casting doubt over the fate of provisions added back into the plan that would curb prescription drug costs. In a dramatic late-night decision, Speaker Pelosi allowed a vote on the bipartisan infrastructure […]

From Sludge
On November 9, 2021
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Senators Own up to $25 Million in Big Tech Stocks

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Senators invested in tech stocks like Amazon, Apple, and Google may soon be voting on antitrust bills that would impact their portfolios.

From Sludge
On October 26, 2021
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Top Democrats Own Stock in AT&T, Funder of Far-Right OAN Network

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A recent investigation revealed that 90% of the far-right OAN's funding comes from AT&T-owned platforms.

From Sludge
On October 12, 2021
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General Electric Gets Billions in Defense Contracts While Reps Hold Its Stock

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Texas Republican Michael McCaul owned up to $6 million in G.E. shares as he sits on the Foreign Affairs and Homeland Security Committees.

From Sludge
On August 25, 2021
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Congress Won’t Stop Trading Stocks

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Researchers studying congressional stock ownership have found that the practice has effects on lobbying activity and potentially on market movements.

From Sludge
On July 27, 2021
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Blumenthal’s Spouse Stows Away Cargo Company Stock

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As he serves on the subcommittee overseeing ports of entry, Richard Blumenthal’s wife is investing in a cargo security company that says it is the only company that can satisfy the scanning requirements recommended by Congress.

From Sludge
On March 16, 2021
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