In a previous article we discussed how Congress is exempt from insider trading laws and this allows them to do very, very, well playing the market. After more investigation it turns out a democrat actually drafted legislation to make this illegal. Rep. Louise Slaughter (D-N.Y.) introduced a bill last March. Of course I’m disappointed it wasn’t a republican stepping up, but I’ll take it and be happy. The downside is the bill hasn’t been well received…apparently there’s very little interest in seeing it passed. I’m considering our options and what we could do about that. Maybe a write-in campaign or phone calls, there has to be something we can do to help this bill become law. Your thoughts?
If you would like to read the bill it’s H.R. 1148. Here’s the link: