I remember watching "Hannity" when the idea of banning Congress from owning stock due to insider trading allegations , and Newt Gingrich went off like a stuck pig claiming that there was no reason for a ban like that.
I have never trusted him since then.
“I remember watching “Hannity” when the idea of banning Congress from owning stock due to insider trading allegations”
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There are countless funds and ETFs covering every sector and index you can think of that they can invest in. No need for them to hold company stocks while they’re in office IMO. At the very least, owning stocks gives the impression of a possible conflict of interest.
Not only should members of Congress be banned from owning or trading stocks but...
There families should be banned as well..
and no owning or trading by anybody for ten years after the Congress-critters leaves Congress.
I have long called for a law or an amendment that forbids congressmen and senators from increasing their wealth during their term of "service" beyond their congressional salaries.
We very much need to take out all profit motive for anyone serving in Congress or the Senate.