• Silverseren@kbin.social
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    1 year ago

    Technically, yes, per the STOCK Act. But there’s a loophole for Congress.

    It doesn’t count as “insider trading” for them if the information they use is based on bills they are passing as a part of their job.

    Democrats have repeatedly tried to pass a law to ban this loophole as well, such as Adam Schiff from January of this year, but Republicans always vote such bills down or have them die in committee.