To Gain Public’s Trust, Should Members of Congress Stop Trading Stock?

Date
Publication
The New York Times
Expert

A review by the Campaign Legal Center found that between early February and early April, as Covid-19 roiled the markets and Congress approved about $2.8 trillion in relief programs that touched almost every corner of the American economy, 12 senators made 227 stock purchases or sales worth as much as $98 million. In the House, 37 members made 1,358 trades worth as much as $60 million. “Multiple members are picking stocks and trading at the same time they are picking industry winners with a bailout,” said Kedric Payne, general counsel for the group who worked on the study.

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