How do you feel about Congress stock trading?

[ButtersHawk]

Bill banning stock trading for presidents, vice presidents, Congress members advances - The Current

Members of Congress would be immediately banned from buying stocks and other covered investments, and they would be prohibited from selling stocks 90 days after the bill is enacted.

thecurrentga.org

 

[Scruddy]

Haven't read the bill to know hat exactly it entails but I fully endorse the idea. Far too many, on both sides of the aisles, have clearly profited millions off of insider knowledge from the committees they sit on. I also think those people who have clearly acted on insider trading in congress need to face real penalty for what they did. Claw the money back and put them in jail if deserved (Martha Stuart style)

 

[SL Hawk Fan]

Absolutely in favor. While I’m sure most would come up with other ways to exploit the system and benefit from their insider knowledge, this would be a step in the right direction.

 

[ZachJump]

That’s a non starter

 

[Stoopsbrother]

figures that Romney is against it, scumbag.
How else would public servants increase their wealth 100x while on a 100,000 per year salary?

 

[ButtersHawk]

Absolutely in favor. While I’m sure most would come up with other ways to exploit the system and benefit from their insider knowledge, this would be a step in the right direction.

Yeah I'm for it but I have zero confidence this gets passed.

 

[LetsGoHawks83]

Not sure what to think. Way too much inside advantage when you are in these positions and investing... And way too much corporate involvement in our politics.

But you are also reducing the pool of candidates for elected positions. People that want to invest and secure their families future by investing.... Do you want to discourage these people from running for office?

I'll admit that I haven't read the bill, so just speaking in hypothetical.

 

[Formerly Rockymtnole]

Not sure what to think. Way too much inside advantage when you are in these positions and investing... And way too much corporate involvement in our politics.

But you are also reducing the pool of candidates for elected positions. People that want to invest and secure their families future by investing.... Do you want to discourage these people from running for office?

I'll admit that I haven't read the bill, so just speaking in hypothetical.

I assume it would not prohibit investing generally, just trading individual stocks?

 

[StormHawk42]

Should only be allowed indexed funds and ETF’s while serving. Good idea, but I have my doubts in its execution.

 

[BrunoMars420]

Should only be allowed indexed funds and ETF’s while serving. Good idea, but I have my doubts in its execution.

Yup, this is the way. And each congress person has to list which funds and ETFs they are investing in on the front page of their government website.

 

[MuscoHawk]

This is a no-f*cking-brainer but I’ll be surprised if anything happens. They’d be voting against their own self interests.

 

[TennNole17]

Next up- a bill making elected officials be honest.

 

[doughuddl2]

Bill banning stock trading for presidents, vice presidents, Congress members advances - The Current

Members of Congress would be immediately banned from buying stocks and other covered investments, and they would be prohibited from selling stocks 90 days after the bill is enacted.

thecurrentga.org

Anything in the story about gold bars?

 

[ICWestfan]

Anything in the story about gold bars?

Bribery is not covered in this bill.

 

[Joes Place]

Since this was introduced by a Democrat, the GOP must be against it, by default.

Loading…

www.congress.gov

I do not see a single GOP Senator involved in crafting this.

Mr. Merkley (for himself, Mr. Brown, Mrs. Gillibrand, Mr. King, Mr. Sanders, Ms. Stabenow, Mrs. Shaheen, Ms. Duckworth, Mr. Casey, Mr. Welch, Mr. Luján, Mr. Fetterman, Ms. Hirono, Ms. Cortez Masto, Ms. Baldwin, Mr. Van Hollen, Mr. Cardin, Mr. Tester, Mr. Heinrich, Mr. Kaine, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

 

[ButtersHawk]

Since this was introduced by a Democrat, the GOP must be against it, by default.

Loading…

www.congress.gov

I do not see a single GOP Senator involved in crafting this.

Mr. Merkley (for himself, Mr. Brown, Mrs. Gillibrand, Mr. King, Mr. Sanders, Ms. Stabenow, Mrs. Shaheen, Ms. Duckworth, Mr. Casey, Mr. Welch, Mr. Luján, Mr. Fetterman, Ms. Hirono, Ms. Cortez Masto, Ms. Baldwin, Mr. Van Hollen, Mr. Cardin, Mr. Tester, Mr. Heinrich, Mr. Kaine, and Mr. Blumenthal) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

Hawley is for it

 

[CarolinaHawkeye]

And while we're at it, add into it, the farm bill.

 

[luvmyhawks]

figures that Romney is against it, scumbag.
How else would public servants increase their wealth 100x while on a 100,000 per year salary?

Lobbyist and special interest groups for starters.

Zero percent chance of this passing. These corrupt pieces of shit would never vote against themselves. Do as we say not as we do.

 

[Joes Place]

Hawley is for it

He did not introduce it.

 

[ButtersHawk]

He did not introduce it.

You said the GOP must be against by default Mr. Right

 

[seminole97]

figures that Romney is against it, scumbag.
How else would public servants increase their wealth 100x while on a 100,000 per year salary?

The former House Speaker nearly tripled the S&P 500's returns in 2023, giving her the ninth-best returns among members of Congress, according to options trading platform operator Unusual Whales. However, all of Pelosi's disclosures of trades listed her husband, Paul Pelosi, as the owner.
As of December 27, 2023, the S&P 500 was up about 24% for the year, which is its best performance since 2021.

 

[Mister Hawkeyes]

I would be all for Congress having insider trading knowledge if that knowledge was available to the general public in real time. I know capitoltrades.com is available for use but I believe those trades are updated every 45 days.

If the common man and woman cannot access insider trading, then the elected officials the common man and woman put in office should not have access either.

 

[jonesy5960]

I assume it would not prohibit investing generally, just trading individual stocks?

That's what it says. ETF's and the like are completely fine. I see no problem with this.

 

[Rifler]

He did not introduce it.

HBOT debate guideline #207:
When you can't move the goal post, erect a new and entirely unrelated goal post...

 

[Joes Place]

You said the GOP must be against by default

And you have ONE Senator from that party who MIGHT support it.

 

[ButtersHawk]

And you have ONE Senator from that party who MIGHT support it.

So by default all Democrats support it?
Did you ask Mr. & Mrs. Pelosi how they feel about this proposal?

 

[Joes Place]

When you can't move the goal post, erect a new and entirely unrelated goal post...

WHO are the Republicans backing this bill?

Hawley *might*, but has not jumped onboard. Goal post shifting, indeed.

 

[Joes Place]

So by default all Democrats support it?

The entirety of those sponsoring the bill are Democrats w/ one Independent.

What do you think?

 

[ButtersHawk]

The entirety of those sponsoring the bill are Democrats w/ one Independent.

What do you think?

You're never wrong are you?

 

[Joes Place]

You're never wrong are you?

Who are the members of the GOP formally supporting the bill?

Hawley is not. Yet.
He MIGHT, but he is NOT on the sponsorship list, is he?

Goalpost-moving, indeed.

 

[ButtersHawk]

Who are the members of the GOP formally supporting the bill?

Hawley is not. Yet.
He MIGHT, but he is NOT on the sponsorship list, is he?

Goalpost-moving, indeed.

Not moving any goalpost just responding to you.
It's weird you couldn't even give YOUR OWN feeling about my question. You immediately jumped into hive mind and had to immediately make sure you made your side look as good as possible when BOTH SIDES are clearly guilty of it.
Have a beautiful day Joes Place.

 

[Joes Place]

Not moving any goalpost

Sure looks like it when you claim Hawley is supporting the bill, and no such formal action has been taken by him.

 

[ButtersHawk]

Sure looks like it when you claim Hawley is supporting the bill, and no such formal action has been taken by him.

Any original thought of your own about the bill bud?

 

[Joes Place]

Any original thought of your own about the bill bud?

So, you've come to the realization that Hawley is not formally supporting it now.

 

[ButtersHawk]

So, you've come to the realization that Hawley is not formally supporting it now.

You're one the most insufferable members of this board.

 

[Joes Place]

You're one the most insufferable members of this board.

You're attempting to "Both Sides" a bill that ONLY has Democrats and 1 Independent as sponsors.
Spare me your BS kvetching here.

 

[Whiskeydeltadeltatango]

 

[ButtersHawk]

 

[Joes Place]

View embedded media

Oooh....a SCOLDING!!!

When can we expect him to add his name to formally supporting the bill?

 

[ButtersHawk]

Oooh....a SCOLDING!!!

When can we expect him to add his name to formally supporting the bill?

I don't know. You know everything so why don't you tell me?