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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
The Stop Trading on Congressional Knowledge (STOCK) Act of 2012 (Pub. L. 112–105 (text), S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading. It was signed into law by President Barack Obama on April 4, 2012. The law prohibits the use of non-public information for private profit, including ...
One bill recently introduced to further curb insider trading in Congress would aim to strengthen the STOCK Act's disclosure rules. Meanwhile, a bill introduced last month by Democratic Senators ...
(The Center Square) – Pennsylvania leads the renewed charge against Congressional insider trading. Rep. Brian Fitzpatrick, R-Penn., revived 2023's Bipartisan Restoring Faith in Government Act ...
A bipartisan group of senators announced a deal on a congressional stock trading ban aimed at preventing members from profiting from insider knowledge.
Trading in Congress has long been criticized by government watchdogs, who say the access to nonpublic information creates a temptation for lawmakers to prioritize their own finances over the ...
The government watchdog group Common Cause filed complaints with the Justice Department, the Securities and Exchange Commission and the Senate Ethics Committee, alleging possible violations of the STOCK Act and insider trading laws in the matter of stock sales by Loeffler and three other senators, Richard Burr, Jim Inhofe, and Dianne Feinstein ...
Biden said that lawmakers shouldn't "be able to make money in the stock market while they're in the Congress." Biden backs congressional stock-trading ban with just weeks left in office Skip to ...