Congress doesn’t have a sugar intake problem, it has an insider trading problem.
With this issue recently brought to light, FoxNews reports:
Insider trading laws apply to all Americans, but CBS’ “60 Minutes” in November said members of Congress get a pass, citing investment transactions by party leaders and a committee chairman in businesses about to be affected by pending legislation.
The broadcast report raised questions about trades of House Speaker John Boehner, R-Ohio; the husband of Democratic leader and former Speaker Nancy Pelosi of California; and Rep. Spencer Bachus, R-Ala., chairman of the House Financial Services Committee.
All three denied using any insider information to make stock trades, but the broadcast set off a flurry of efforts in Washington to deal with the public perception.
Due to the revelations from the “60 Minutes” story, the Senate will take up legislation that will prevent Congress members from using information that is “nonpublic” for their personal gain. As expected, the bill has your typical Congressional Acronym to identify its purpose: The STOCK Act, standing for Stop Trading on Congressional Knowledge.
A procedural vote is scheduled for today that would allow this bill, which is endorsed by the President, to see a floor vote later in the week.
—
Russia is reportedly firing repurposed training missiles at Ukraine, allowing Moscow to sustain a record…
The other day, Bo French, a Republican candidate for Texas railroad commissioner, a powerful regulatory…
Democrats have latched onto the A.I. danger hysteria psyop just before the 2026 election. October…
China reportedly threatened Panama with “serious consequences” after a majority of the country’s lawmakers backed…
WASHINGTON — Energy policy leaders urged Congress on Thursday to pass a bipartisan permitting deal…
The federal government is no longer just regulating American companies. It is becoming a shareholder…
