According to Insider, there are 54 members of Congress who violated the STOCK Act – a law made in 2013 designed to stop Congress members from insider stock trading.
Insider stock trading is the illegal practice of trading in the stock market for one’s own advantage… by using the company’s confidential information to their benefit.
Some of the Congress members involved with insider stock trading include:
- Sen. Dianne Feinstein
- Sen. Tommy Tuberville
- Rep. Susie Lee
- Rep. Katherine Clark
Out of all the politicians who were abusing their power, House Speaker Nancy Pelosi is the one who stood out the most – (not a shocker). Insider also reported that Pelosi’s trading activity – along with her husband, Paul Pelosi – is rated as “borderline.” Their actions are very suspicious and deserve more investigation.
The STOCK Act didn’t stop the demo-rat from bagging as much as $30 million in profits personally from insider stock trades… on Big Tech companies she oversees in Congress.
In a press conference last December, Pelosi was asked about the stock trades she and her husband made. She replied in an attempt to hide her crimes, “We’re a free-market economy. They should be able to participate in that.”
Even President Trump knows how cunning Pelosi can be. He shared his thoughts on this matter.
He said, “I happen to watch her and see her and deal with her a lot. I think she’s clever in one way and stone-cold crazy. She should not be allowed to do that with the stocks. She should not be allowed to do that. It’s not fair to the rest of this country.”
Pelosi and the other Congress members committed an unlawful act. But, there’s a chance that they won’t be easily punished because they’re not ordinary people…
If a normal person broke the law similar to this, they would be prosecuted, imprisoned, and fined heavily. That’s why people should demand change and make our government care more about hard-working, tax-paying citizens…
This triggered Republican Sen. Josh Hawley to introduce a piece of legislation to limit all members of Congress… as well as spouses and dependent children, to a blind trust. The bill is called the Banning Insider Trading in Congress Act.
He said, “Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating. Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the country’s expense.”
Hawley also thinks that Congress members should return their profits from insider stock trading.
He said, “Here’s something we can do: ban all members of Congress from trading stocks… and force those who do to pay their proceeds back to the American people. It’s time to stop turning a blind eye to Washington profiteering.”
We’ve seen how President Trump exposed Pelosi’s true nature… and how Hawley introduced the Banning Insider Trading in Congress Act.
Unsurprisingly, Biden decided not to take sides in the growing debate on whether Congress should prohibit members and their families from trading individual stocks.
He seems to be aware that this issue could seriously divide his party. His cowardice is showing again, during a time when he needs to make a firm decision…
But despite the current situation, one thing is for sure, those Congress members need to be punished for abusing their power and breaking our trust…
