1)For these Congressman(women) & House members don’t get to big of a head. Banning insider trading for them & their significant other (wife/Husband) while they themselfs are in office. 2)Also making the salary of all Congressman(women) & House members the average salary of their state that they themselves resides in & is Representing.
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Please take a look at my proposal that attempts to solve the same problem.
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I agree. I believe most of what they do can be done from their home state using ZOOM or other software, but if they MUST live in the DC area, the home state should purchase a house, like a Governor’s mansion, plus pay electric/gas/upkeep, etc., and transportation, car/car with driver/ bus/etc. for the elect person to stay in while in the DC area thereby elimination any housing/transportation costs. Then their only costs are food, entertainment, clothing, etc… which could also be a salary from the state. They should be, after all, employees of the State they represent, not the Federal Government. The only costs to the Federal Government might be some types of fact finding national (not international) trips.
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Currently in the US insider trading is illegal… ask Martha Stewart. The issue is purchasing stocks etc. by any member of the federal government and their families, leads to insider trading. However, to make it illegal for government employees family members to purchase stocks etc, would not be fair to the family members. So need to determine a way of preventing this without taking away the rights of the family members. The Penalty should be the immediate termination of their office and any and all benefits. Possibly consider any stock purchases have to be approved by the ethics committee. hmmmm
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I would prefer that it be the average salary of the entire nation so they are more inclined to help produce policies that help the entire United States as a whole and not just help their own state become more profitable. Been saying the same thing about both of these for a long time.
I also like the comment from someone else, that each state should just have a house in DC like their state’s governor mansion.
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Implement the same requirements for all Representatives that are imposed on anyone with a securities license. Everything is tracked, reviewed, monitored. Our Representatives want financial Advisors to report how they (we) act in the best interest of every client, so maybe our Representatives need to report how they too are acting in the best interst of EVERY person they represent.
Come on Ethics committee. Let’s show how ethical you all are.
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shouldn’t be hard to find someone who bought 500k of stocks right before a bill that causes said stock to grow exponentially. The stocks themselves have purchase dates on them. Id freeze all their assets during time they are in office. So the day they took office they can not buy or sell any further until they leave office. Youd also have to send family stocks through an independent review board while said person is in office in my opinion.
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I Totally agree that their income should be an average of the state that they live in. This would help with the career politician problem that we have in our government. If they want earn more income, they can leave to the private sector after serving their Communities.
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I believe that if anyone in our government that none of them should be allow to trade stock at all, this way there would be no temptations of anyone doing it. Just because some are limited from trading p, dose not mean a lower staff member could trade on the advice of one of the uppers, which could end up them both making money. So it’s best to eliminate the possibility of any of them doing it.
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Regarding salary, I would slightly revise the proposed policy to be the average non-federal workers.
Federal government employees are often overpaid compared to the State/local government employees & private sector employees.
Average Federal Government Salary = $106,000
Median US Salary = $37,500
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I would suggest that additionally any monies that were made illegally be directly put into the SSI fund. Prosecution is nice but if paid back in full then no prosecution. Either way they learn what it like to live in their America today.
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Some reps put a cot in their office and sleep there, plenty of facilities at the Capitol to use. I dont think the state should fund the tab either. They are not there to make money, just the opposite in my opinion and if they are, they are dirty. Nancy told her husband to buy Nvidia stock several years ago and look where it is now. shes as dirty as they get.
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Um no. Their home state can pay for their flight, a rental car, a hotel, and a per diem of $50 a day for food just like any company does that has workers who travel.
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As far as the insider trading goes it also needs to include their children as well.
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Yes, and the Biden family have made so much off the Ukraine war, with the investing in the weapons used. What are they investing in now with Africa with our tax money, so their family can make more money?
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I agree that the family shouldn’t have their rights taken away but if all government offices had 2 term limits you could temporarily suspend the families trading ability for the term of office and have those rules as stipulations of the job as public officials are subject to higher standards, morals, and media light as well as their families are too. These suspensions of family trading can be a symbol to the American people that they are committed to combating ethics violations that are persevered by the American public.
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Since inflation is a direct consequence of the sitting government, maybe their salaries could be tied to inflation. Inflation goes up, their salaries go down and visa versa. If these representatives are to buy stock, they can not have voted on an issue that contributed to the escalation or deescalation of said stock.
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Not enthusiastic about the salary cap portion but the first part … All in - not clear to me how members of congress can trade stocks with insider knowledge. Anyone else doing that would get thrown in jail.
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Their family members should be banned from insider trading as well. They should be held to the same standards and regulations as “C Suite” officers and board members.
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