The Conflicted: Reps Own Stock in Companies While Serving on Committees Overseeing Them
Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.
Top House Dem Buys Stock in Pharma Companies and Defense Contractors
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 […]
Senators Own up to $25 Million in Big Tech Stocks
Senators invested in tech stocks like Amazon, Apple, and Google may soon be voting on antitrust bills that would impact their portfolios.
Top Democrats Own Stock in AT&T, Funder of Far-Right OAN Network
A recent investigation revealed that 90% of the far-right OAN's funding comes from AT&T-owned platforms.
General Electric Gets Billions in Defense Contracts While Reps Hold Its Stock
Texas Republican Michael McCaul owned up to $6 million in G.E. shares as he sits on the Foreign Affairs and Homeland Security Committees.
The Roadblocks to Banning Congress From Trading Stocks
It’s no shock that most members of Congress, over half of whom are millionaires, don’t want to stop themselves and their spouses from being allowed to trade corporate stocks and derivatives while they hold public office. Just 8 percent of the House and 3 percent of the Senate are co-sponsoring bills to ban congressional stock […]
Congress Won’t Stop Trading Stocks
Researchers studying congressional stock ownership have found that the practice has effects on lobbying activity and potentially on market movements.