Congress' Insider Trading Problem // Schweizer on STOCK Act, insider trading with The National Desk

​ @Govt_Acct_Inst President, Peter Schweizer, discussed how a bipartisan group of lawmakers has introduced the Restore Trust in Congress Act, aiming to ban members of Congress, their spouses, and dependents from owning or trading individual stocks. The push comes amid mounting criticism that lawmakers exploit insider information for personal gain.

Schweizer, whose reporting on insider trading in Washington helped spur the 2012 STOCK Act, explained how that legislation was later gutted through a quiet reform signed by President Obama. Schweizer underscored that while the proposed bill sets a clear standard—limiting members to large mutual funds—the entrenched reluctance of congressional leadership makes its passage uncertain, despite vocal support from figures like Speaker Mike Johnson and Donald Trump.

Chapters
00:00 – Congressional Stock Ban Debate
00:18 – Secrets and Conflicts in Congress
00:44 – Voting for People, Not Portfolios
01:06 – Restore Trust in Congress Act Explained
01:46 – STOCK Act Passed… Then Gutted
02:08 – Will Reform Ever Get a Vote?

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