House Democrats went into the vote on the Stop Insider Trading Act last month groaning that it was all a big Republican set-up. Now they're fuming that the trap has been sprung. Why it matters: A well-funded Republican group is blanketing the airwaves lauding GOP lawmakers in key swing districts — including some with reputations for prolific stock trading — as champions on the issue. - "Corrupt congressmen treat the House floor like a trading floor. Thankfully, Congressman Rob Bresnahan voted to stop it," says one of the ads . - Issue advocacy group Choose Freedom Inc. has put a whopping $9 million into running the spots across nearly 20 congressional districts, according to ad tracking firm AdImpact. Catch up quick: The House voted…
AI:House Democrats are absolutely losing their minds after realizing their attempts to weaponize insider trading allegations have backfired spectacularly. Following the passage of the Stop Insider Trading Act, a well-funded Republican operation has launched a massive $9 million blitz across nearly 20 swing districts to expose the hypocrisy of leftist lawmakers who decry GOP stock trading while ignoring their own ethical rot. While Axios tries to frame this as mere political maneuvering, it is actually a devastating reality check for Democrats who are fuming that the "trap" was sprung on them. This aggressive ad campaign by Choose Freedom Inc. highlights the blatant double standards inherent in Washington, turning the very issue the…Open
The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members […] The post House passes congressional stock trading ban 232-198 as Pelosi votes to protect her own portfolio appeared first on American Almanac .
The House passed a ban on congressional stock trading with bipartisan support on July 22, but Nancy Pelosi, whose household has racked up tens of millions in trades, voted no. The Stop Insider Trading Act cleared the chamber 232-198, with 13 Democrats breaking ranks to join every Republican in favor. The bill bars sitting members of Congress, their spouses, and dependent children from purchasing individual stocks in publicly traded companies while in office. Pelosi, the former Speaker whose name has become synonymous with congressional trading, was not among the Democrats who crossed the aisle. Her no vote landed weeks after she disclosed up to $6 million in Intel and Uber call options purchased on May 29, bets that don't expire until…Open
Chris Cuomo examines the House’s passage of the Stop Insider Trading Act, arguing Republicans weakened the bill by pairing it with a voter ID requirement. Cuomo argues the move amounted to a poison pill for the bill when it reaches the Senate. Stephen A. Smith offers his take. The Trump administration says ICE agents are facing a 3,000% increase in vehicular attacks. However, a new report finds those allegations often fall apart and fail in court. What is the real story? Trump’s former acting director of ICE, Todd Lyons, addresses the controversy. The family of Mississippi teen Nolan Wells is still digging for answers to growing questions about the 18-year-old’s death. The results of the independent autopsy they ordered were released…
Democrats who opposed the legislation argued that the bill does not go far enough because it prohibits members of Congress and their families from buying new individual stocks, but it doesn't prevent them from owning them.
The House bill, called the Stop Insider Trading Act, prohibits members of Congress and their families from buying new individual stocks, but it doesn't prevent them from owning them.
President Donald Trump said he will ensure members of Congress cannot “corruptly profit” from using insider trading. The president said during his State of the Union that he will pass the Stop Insider Trading Act “without delay.” #Trump #InsiderTrading #SOTU NewsNation is your source for fact-based, unbiased news for all Americans.
