CEO's and officers of corporations have to disclose their trades of their company stock. It is only fair that the public officials making the laws that govern the operations of said corporations should have to disclose all their stock activities as well, since almost any law they pass could potentially impact almost any company.
This is already the law. Since the "Stop Trading on Congressional Knowledge Act of 2012", they already have to disclose any stock trades made by themselves, a spouse or a dependent.
Because this hasn't fixed the issue, and most don't seem to have any shame, these recent laws (originally coming from Ds but Rs have their own version) prevent them from trading individual stocks while in office.
I think the problem with this act is AFAIK it states they have to report the trades 45 days AFTER they make them. Not before they make them. So they all just wait until 45 days later when it’s not relevant anymore. New news cycle, people forget
AFAICT they wait even longer than that, and suffer no consequences. For example, Rand Paul waited 16 months to disclose his wife's trades in Gilead Sciences.
RP is a particularly grotesque piece of work (not only in this regard), but he's far from alone. Staffers are subject to the same rules, and at least 182 of them have done the same thing.
Exactly. The same rules should apply, except for CEO's it's just their company they have to disclose ahead of time because their decisions affect that company, for congress it should be any company they trade because their decisions are more far reaching and can affect almost any company.
