#UK 97 members of Congress or families bought or sold stock that may have been a conflict of interest #UKnews

#UK 97 members of Congress or families bought or sold stock that may have been a conflict of interest #UKnews

#UK 97 members of Congress or families bought or sold stock that may have been a conflict of interest #UKnews

Table of Contents

REVEALED: 97 members of Congress or their families bought or sold stock that may have been a conflict of interest

  • Of the 435 House members, 183 traded shares via themselves or their quick household members from 2019 to 2021
  • At least 97 bought or sold shares, bonds or different monetary belongings that straight intersected with their congressional work 
  •  The trades that intersect with committee work are cut up evenly on partisan strains – 49 Republicans and 48 Democrats

Nearly 100 members of Congress bought or sold monetary belongings that intersected with the work of the committees they sit on, based on a New York Times report. 

Of the 435 House members, 183 traded shares via themselves or their quick household members from 2019 to 2021. At least 97 bought or sold shares, bonds or different monetary belongings via themselves or their spouses that straight intersected with their congressional work. 

US lawmakers aren’t but banned from making any stock trades, although insider buying and selling is prohibited for everybody. 

The trades that intersect with committee work are cut up evenly on partisan strains – 49 Republicans and 48 Democrats. 

The reality that almost one-fifth of Congress has made trades that might characterize a conflict of interest has sparked a slew of laws proposals to ban lawmakers from making trades totally. 

Rep. Angie Craig, D-Minn., has proposed her personal laws to ban trades, however was included within the record as a result of her college-age son bought and sold shares with out her figuring out. 

Craig, a member of the House Transportation and Infrastructure Committee, stated she discovered her son was buying and selling shares in Uber and Lyft when she filed her transaction paperwork. 

New Jersey Democratic Rep. Josh Gottheimer, who traded stocks in 326 companies and had 43 conflicts

New Jersey Democratic Rep. Josh Gottheimer, who traded shares in 326 corporations and had 43 conflicts

California Democrat Rep. Rho Khanna reported trades in 897 companies and had 149 potential conflicts

California Democrat Rep. Rho Khanna reported trades in 897 corporations and had 149 potential conflicts

‘As a mother, I’d be grateful if my school pupil son was not allowed to personal or commerce shares. And as a member of Congress, I’m working to cross a legislation to pressure him to hearken to his mom,’ she stated in a assertion to the Times. 

Since 2012, Congress members have been certain by the STOCK Act which requires they report stock transactions of $1,000 or extra by themselves or their household members. 

Some of probably the most flagrant conflict of interest violators embrace Delaware Sen. Tom Carpenter, D, who traded in 138 corporations and had 39 potential conflicts of interest, New Jersey Democratic Rep. Josh Gottheimer, who traded shares in 326 corporations and had 43 conflicts and California Democrat Rep. Rho Khanna, who reported trades in 897 corporations and had 149 potential conflicts. 

House Speaker Nancy Pelosi and her husband Paul have come below fireplace for often buying and selling tens of millions – simply this summer season Paul bought $5 million of shares in a semiconductor chip producer days earlier than a vote that handed $52 billion to semiconductor producers. 

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