This bill has good intentions. That’s for sure. But I can’t see how it would do much good.
So a congressman and his spouse won’t be able to trade on insider information. But what about passing on that information to children and siblings? Am I missing something here?
(And no, I don’t have a good solution for that. Perhaps the law should also prohibit passing on that information.)
“But what about passing on that information to children and siblings?”
That’s called Insider Trading and it’s a felony.
L
what are they doing about members who are married to financial people. Wealth management, stock trader, etc. Going to be interesting to see how this shakes out