Opinion by Helaine Olen: If there is any issue that should be a gimme for a political party seeking support, it’s putting a stop to stock trading by members of Congress and others in senior federal government positions while in office.
If there is any issue that should be a gimme for a political party seeking support, it’s putting a stop to stock trading by members of Congress and others in senior federal government positions while in office.It’s popular. It makes sense. This is political low-hanging fruit. Unlike with, say, health care, there are no armies of lobbyists or multimillion-dollar campaigns trying to sway all 435 members of the House and 100 members of the Senate.
But if you think that Democrats — who, frankly, could use a political victory — are rushing to embrace the introduced on Wednesday by Sen. Jon Ossoff that would halt their stock trading while in office, think again.that Republican Sen. Josh Hawley introduced last week. It’s because many elected officials of both parties want to preserve their ability — and that of their spouses — to keep up with the meme traders on Reddit.When asked late last year about curtailing federal lawmakers’ ability to buy stocks while in office, House Majority Leader Nancy Pelosi
. “This is a free market, and people — we are a free-market economy. They should be able to participate in that,” she said.
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