Congressional Insider Trading
Insider trading is illegal on Wall Street. It should be illegal in Congress too.
A dangerous legal loophole still exists which allows members of Congress and high-powered executive branch appointees to exploit their inside knowledge of the financial industry in order to turn personal profit.
Under current law, those who have access to the privileged "non-public information" gathered through official oversight proceedings can use that information with impunity for personal benefit in financial trades.
What's more, lobbyists and traders who haunt the
halls of Congress – known as "political intelligence consultants" –
can seek insider information from congressional staff to enrich themselves and
their clients.
The congressional insider trading loophole must be closed.
More Resources on Congressional Insider Trading
- Letter: OMB Agency Information Collection Activities, Nov. 6, 2012
- Senate Acts on Useful but Timid Bill to Ban Congressional Insider Trading, March 25, 2012
- Letter to Sen. Harry Reid: Restore Critical Anti-Corruption Provisions to STOCK Act, March 6, 2012
- Letter: Enact the “Stop Trading on Congressional Knowledge Act”, February 6, 2012
- Letter: Pass the “Stop Trading on Congressional Knowledge Act”, January 31, 2012
- Pass the “Stop Trading on Congressional Knowledge Act”, January 27, 2012
- Letter: Legislation Banning Congressional Insider Trading Must Neither Be Weakened Nor Delayed any Further, December 21, 2011
- Letter: Move the STOCK Act Forward, December 9, 2011
- House Statement on the STOCK Act, December 5, 2011
- Senate Statement on the STOCK Act, December 1, 2011
- Coalition Letter: Support the “Stop Trading on Congressional Knowledge Act”, December 1, 2011
- Letter to Senate: Support the “Stop Trading on Congressional Knowledge Act”, November 18, 2011
- Letter to House: Support the “Stop Trading on Congressional Knowledge Act”, November 18, 2011
- Action: Tell Congress to End Insider Trading in Washington
- Press Release: Reps. Walz and Slaughter Introduce ‘Stop Trading on Congressional Knowledge Act’, March 18, 2011
- Press Release: Groups Urge Congress to End Congressional Insider Trading, March 4, 2009
- Blog Post: "Insider Trading: How Congress Can Make Big Bucks at Our Expense", March 23, 2009
- Coalition letter on the Stop Trading on Congressional Knowledge Act, March 4, 2009