U.S. lawmakers traded an estimated $355 million of stock last year. These were the biggest buyers and sellers.
“When the public sees a large volume of trades by members of Congress, it just raises the question of why that is occurring, and if it is without conflicts of interest,” said Kedric Payne, senior director of ethics and general counsel at the Campaign Legal Center, a government watchdog group. “It chips away at that public confidence in their government.” Payne, who advocates for restricting lawmakers from trading stocks, said each of the bills targeting the issue has its pros and cons, and overall each would deliver big improvements.
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