REVEALED: Insider Trading Is Corrupting Congress | The Class Room
When members of Congress buy and sell corporate stocks, they’re not just padding their own personal wealth. Something more corrupt is happening. You can see it by looking closely at two major bills before Congress right now.
Both of them have bipartisan support. Both were approved out of committee. And both are considered a priority of the President’s. But only one is on the fast-track to congressional passage, while the other can’t even get a floor vote.
Why? Last summer, More Perfect Union started a project that had not been undertaken in nearly a decade: reviewing the stock holdings of every member of the United States House and Senate. We’ve uncovered numerous, brazen examples of the corrupting influence of congressional stock ownership.
And we learned the key difference between those two bills. The one that’s set to be passed into law benefits the stock portfolios of members of Congress — and the other bill does not.
In collaboration with Krystal Ball of Breaking Points.
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