• Silverseren@kbin.social
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    1 year ago

    Technically, yes, per the STOCK Act. But there’s a loophole for Congress.

    It doesn’t count as “insider trading” for them if the information they use is based on bills they are passing as a part of their job.

    Democrats have repeatedly tried to pass a law to ban this loophole as well, such as Adam Schiff from January of this year, but Republicans always vote such bills down or have them die in committee.

    • microphone900@lemmy.ml
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      1 year ago

      That sounds like we should follow Congress’ stock trades for our own benefit. I bet there’s a tracker out there since all that is supposed to be public information.

    • rchive@lemm.ee
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      1 year ago

      To be clear, the TRUST Act was bipartisan. Sizeable majority Democrat, for sure, but it’s not like it was all Ds for, all Rs against or anything.