Political Insider Trading
“Elected officials don’t just make policy; they also have access to valuable information that shapes different industries and the entire economy. Members of Congress should be focused on representing their constituents, not their stock portfolios,”
Laws Regarding Insider Trading by Congress
STOCK ACT:
The Stop Trading on Congressional Knowledge Act is a federal law that was enacted in 2012 to prevent insider trading by members of Congress and federal employees
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Members of Congress and high-level executive branch officials are required to disclose certain financial transactions within specified time frames.
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Explicitly prohibits members of Congress and their staff from using “nonpublic information” obtained through their official positions for personal financial gain. It aims to prevent insider trading based on information not available to the general public.
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Members of Congress are required to report certain financial transactions, including stock trades, within specified time frames. These reports are publicly available and can be accessed through the U.S. Congress website.