The Washington Post published a story using Congressman John Dinghell as an example of the ethics issues involved when you have an investor lawmaker: Dingells and GM illustrate limits of congressional conflict-of-interest rules. Kimberly Kindy and Robert E. O’Harrow Jr. use Congressman Dinghell because of his financial connection with General Motors. This connection was one … Read more »
Tag: STOCK Act
Stop Trading on Congressional Knowledge Act
How can you beat the stock market? Become a member of Congress and trade on legislative actions! You might think that a member of Congress would be prohibited from trading on non-public information that they obtain through their official position. You might be wrong. Members of Congress and their staff do not owe any “duty … Read more »
Insider Trading by Congress
Apparently members of Congress and their staff can make trades using non-public information obtained through their official positions. House Rules Committee Chairwoman Louise M. Slaughter, D-N.Y., and Brian Baird , D-Wash., are sponsoring what they call the Stop Trading on Congressional Knowledge Act (HR 682) that would prohibit Members of Congress and their staffers from … Read more »