Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
Posted by: BarryO
Posting time: 9 months ago on
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Archived on: 6/19/2020 10:00:00 AM
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121 upvotes, 12 downvotes (91% upvoted it)
Archived Ocasio-Cortez: 'Members of Congress should not be allowed to own individual stock' (thehill.com)
submitted ago by BarryO
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[–] Pepper-theDoctor 0 points 11 points 11 points (+11|-0) ago
This rule would actually help in that scenario because it's illegal for Hunter Biden to inside trade and legal for sitting members of Congress. He's getting away with his corruption because of a lack of will to prosecute.
The bigger issue is that it would require businessmen to leave companies they work for or are board members of. It would basically disqualify some of the most qualified men in the nation from serving in Congress
[–] albeit ago (edited ago)
No. It is illegal since 2012. Insider trading is punishable by prison and severe fines. https://en.wikipedia.org/wiki/STOCK_Act
[–] Pepper-theDoctor ago
Nope. They made it illegal for a moment then removed the teeth from it in under a year
[–] ninjajunkie ago
No more revolving door between Wall St. and Washington.