Lawmakers could vote for infrastructure bill, then buy stock in a concrete firm.

    • @[email protected]
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      fedilink
      21 year ago

      The article says it is illegal for them to trade on nonpublic information. Isn’t that the definition of insider trading?

      In 2012, President Barack Obama signed the STOCK Act, banning members of Congress from trading with nonpublic information, meaning details they glean in their work that are not available to the general public.

      Not saying it doesn’t still happen, but it is illegal.

    • @FlowVoid
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      English
      -11 year ago

      Insider trading is absolutely illegal for legislators. In fact, Chris Collins (NY-27) is currently serving time for insider trading.