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97 members of Congress or their families bought or sold stock that may have been a conflict of interest

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At least 97 bought or sold stocks, bonds or other financial assets that directly intersected with their congressional work

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“O come, let us worship and bow down: let us kneel before the LORD our maker.”  ^{Psalms 95:6 (KJV)} 

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Listen to the article below

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[fusion_dropcap boxed=”no” boxed_radius=”” class=”” id=”” color=”” text_color=””]N[/fusion_dropcap]early 100 members of Congress bought or sold financial assets that intersected with the work of the committees they sit on, according to a New York Times report.

Of the 435 House members, 183 traded stocks through themselves or their immediate family members from 2019 to 2021. At least 97 bought or sold stocks, bonds or other financial assets through themselves or their spouses that directly intersected with their congressional work.

US lawmakers are not yet banned from making any stock trades, though insider trading is illegal for everyone.

The trades that intersect with committee work are split evenly on partisan lines – 49 Republicans and 48 Democrats.

The fact that nearly one-fifth of Congress has made trades that could represent a conflict of interest has sparked a slew of legislation proposals to ban lawmakers from making trades entirely.

Rep. Angie Craig, D-Minn., has proposed her own legislation to ban trades, but was included in the list because her college-age son bought and sold stocks without her knowing.

Craig, a member of the House Transportation and Infrastructure Committee, said she found out her son was trading stocks in Uber and Lyft when she filed her transaction paperwork.

‘As a mom, I would be grateful if my college student son was not allowed to own or trade stocks. And as a member of Congress, I’m working to pass a law to force him to listen to his mother,’ she said in a statement to the Times.

Since 2012, Congress members have been bound by the STOCK Act which requires they report stock transactions of $1,000 or more by themselves or their family members.

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animation_offset=””]Donate[/fusion_button][/fusion_builder_column_inner][/fusion_builder_row_inner][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_global id=”21403″][fusion_global id=”21405″][fusion_builder_container elegant_backgrounds=”gradient” gradient_type=”linear” gradient_direction=”0deg” gradient_force=”yes” enable_background_slider=”no” elegant_transition_effect=”fade” elegant_background_scale=”cover” elegant_transition_delay=”3″ elegant_transition_duration=”750″ type=”flex” hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” align_content=”stretch” flex_align_items=”flex-start” flex_justify_content=”flex-start” hundred_percent_height_center_content=”yes” equal_height_columns=”no” container_tag=”div” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” border_style=”solid” box_shadow=”no” box_shadow_blur=”0″ box_shadow_spread=”0″ gradient_start_position=”0″ 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