Congressional reformers feel “disgust” for colleagues who parlay privileged information into stock-market gains.
just before the coronavirus pandemic tanked the economy — then bought shares in companies that boomed during the COVID-19 lockdown.
“Ultimately, members of Congress bought stocks in Clorox and in Zoom and in various different pharmaceutical companies,” Spanberger said., which would force members of Congress, their spouses, and their dependents to put their assets into a blind trust. The bill has been repeatedly stalled in committee since the duo first introduced it in 2020 — but it’s found a Republican champion in the Senate, Missouri Sen. Josh Hawley.“The truth is that a lot of the information that members of Congress get isn’t technically insider information,” Hawley said. “Yet it’s still really beneficial if you want to try and make a buck on the stock market.”
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