Congress shares trading gains are unlikely to support Trump Pelosi

It is rare to find areas of agreement between the president Donald Trump And former Speaker of the House of Representatives, Nancy Pelosi. But they support the draft law of Congress that prohibits members of Congress and their families from commercial stocks.

The legislation, which led to the purification of the Judicial State Committee in late July, has wide support from the two parties and will help extract public corruption while restoring the Americans. Confidence in Congress.

A healthy sense may indicate that Congress should not be traded with stock and bond activity while taking office. 86 % of the survey in 2023 preferred as part of the University of Maryland’s study as a ban on the trading of Congress shares, as Republicans and Democrats showed almost identical levels of support.

As the Ministry of Treasury Secretary of Scott Pesin Emphasizing an interview on August 14, the credibility of the House of Representatives and the Senate at stake when members are trading individual shares. He highlighted the “eye revenues” that some members gained, noting that “every hedge box will be jealous of them.”

What the Federal Reserve should do now after the Dhatta Day from Jerome Powell Jackson Hall

From the perspective of the treasury official, this issue goes beyond morals. It affects the safety of our financial system.

The markets depend on trust, transparency and a level stadium. When members of Congress circulate shares with access to information or influence that ordinary investors do not have, it undermines the public’s confidence in both the government and the economy.

The Treasury Command enjoys a firm interest in ensuring the policy situation to serve the public good, and not to achieve a personal profit, because the US credibility as a financial host depends on it.

In addition to President Trump and BellusiThere are many other unlimited bed tools in Congress that support the ban. It includes liberals such as MP Alexandria Okasio-Cortez, DN.Y, Senator Ron Widen, D-Ur, and conservatives such as MP Chip Roy, R. Texas, and Senator Josh Holie, RM M. It is worth noting that Mike Johnson, R does not. , Speaker of the House of Representatives, Hakim Jeffrez, DN.Y. The leader of the minority, supports the ban.

Does President Trump’s tariff already work?

Pelosi’s support for legislation is mentioned in view of its well -documented history with stock trading. Last year, her husband, Paul, occupied the headlines by selling between 500,000 dollars and a million dollars from the visa shares a few weeks before the Ministry of Justice filed a counter -fraud against the company. The deal led to speculation that Paul Pelosi may have been dropped by his wife, or Eden Eiden Administration, about the possibility of a visa submission.

Just six weeks before the presidential election, the request to monopolize the visa suit has been undermined through a simple fact: the network faces strong competition from other debit card companies, in addition to the latest payment networks such as Zelle and Venmo. But with the development of the legal process, the issue of trading of Congress shares remains. The size of the breathtaking activity.

Last year, 120 members of Congress made more than 9,400 merchants, according to Capitol Tadawul, a platform that tracks market trading by US -elected officials. Some members are suggested that they have to move to Wall Street. Best 10 – Six Republicans and four Democrats – all of them are returns exceeding 70 %, according to another platform, which are unusual whales. This was in the year when S&P returned only 25 %.

There is more trading this year. Until August 19, there were already nearly 9200 merchants, including more than $ 395 million.

I had to leave California to save my work. Now there is hope

Does this trading affect public policy? It is difficult to know, categorically. However, a few years ago, the New York Times examined the trades made by Congress members from 2019 to 2021. The paper stated that there are 97 members of the Senate or representatives “reported on themselves or the direct family members in stocks or other financial assets that intersect with the work of the committees they serve.”

In one case, a member of the Congress in California revealed that his wife sold Boeing shares on March 5, 2020. Just one day before a committee, he issued a report criticizing the company regarding two fatal ranges of 737 Max Jet.

It is rare for members of Congress to be prosecuted to market trading, but not unprocessed. In 2019, Chris Collins, a member of the Congress from New York, resigned after he admitted that he was guilty of sharing the company’s secret information with his son and lying to federal agents. He was sentenced to 26 months in prison (then pardoning President Trump).

Click here for more Fox News

Stock trading by Members of CongressAnd doubting that the activity is born, contributes to the lack of confidence in the government. Last year, a survey of PEW found that only 2 % of Americans believe that the federal government will do what is true “only about” and only 21 % said, “most of the time.” This is unhealthy lack of confidence for the country’s democracy, whether you are Republican or democratic, and makes it difficult for any of the two parties to push its agenda forward.

Convergence members of commercial stocks will help restore confidence in the federal government. The ban will also be an opportunity for members of both parties to meet to support the measure that will benefit the entire country. This cannot happen soon enough.

Click here to get the Fox News app