Last week, Senators Jon Ossoff (D-GA) and Mark Kelly (D-AZ)introduced legislation to ban members of Congress and their families from trading stocks while in office. In a move widely praised by government groups across the political spectrum, the Ban Congressional Stock Trading Act will require all members of Congress, their …
Read More »Wealthiest 10 Percent of Americans Own 89 Percent of All U.S. Stocks
The wealthiest 10 percent of Americans now own 89 percent of all stocks held by households in the U.S., further cushioning wealth inequality. Amid the COVID-19 pandemic, many Americans were forced out of their homes, unable to work and surviving the best way they knew how. While on the other end …
Read More »Senator Elizabeth Warren Reintroduces Bill To Stop Lawmakers From Trading Stocks
Senator Elizabeth Warren and Representative Pramila Jayapal are reintroducing a bill that stops lawmakers from trading stocks. Democrats will make this a key aspect of Georgia’s two Senate runoffs. Democrats accuse Georgia Senators Kelly Loeffler and David Perdue of using private information from congressional briefings to buy and sell stocks …
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