[1]Justice Democrats
John,
After Donald Trump sent the stock market into decline with his tariffs a
few weeks ago, he openly encouraged people to buy stocks while the prices
were low, right before he lifted many of the tariffs.
As a result, many in Trump’s inner circle, including Rep. Marjorie Taylor
Greene, bought dozens of stocks at the right time just to see their values
soar. It’s called insider trading, and it should be stopped, but
Democratic leaders are guilty of it, too.
Countless polls show that banning stock trading or ownership by government
officials has widespread public approval, even across party lines. Over
the past two Congressional sessions, Sludge found that many in office
support a ban: more than 100 members of Congress on both sides of the
aisle have co-sponsored bills to ban congressional and executive stock
trading.
But party leaders who decide what bills get brought to a vote have stood
in the way, including Senate Minority Leader Chuck Schumer and House
Minority Leader Hakeem Jeffries.
[ [link removed] ]Sludge: Congressional Leaders Warning of ‘Insider Trading’ Could Have
Banned Officials From Stock Trading. Banning members of Congress and
government officials from trading stocks is highly popular, even among
many rank and file lawmakers—but not among the congressional leaders who
control which bills advance.
As Sludge reports, “No bill limiting lawmakers’ stock trading has been
granted a committee vote in the House, and no bill on the topic has been
voted on by the full Senate. Congressional leaders like Chuck Schumer who
are now voicing concerns over “insider trading” are the ones who have been
sitting on bills that could have constrained insiders from making moves
for profit.”
This is exactly why we need to clean house in the Democratic Party and
elect more progressive, working-class champions who will prioritize people
over profits by supporting an end to congressional stock trading.
[ [link removed] ]We’re preparing to endorse and support those very candidates to
challenge out-of-touch, do-nothing Democrats in the 2026 midterm
elections. Will you directly fuel our work with a grassroots donation of
$5 now?
[ [link removed] ]Contribute $5
In solidarity,
Justice Democrats
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