Congressional pensions are too generous. Let them do what they let the general public do, no more no less.
-Ban single stock, IPO’s and startup investments.
-Allow investing into Indexes and Mutual Funds.
-Limits will be enforced upon time running for office until the end of term.
-Limits will be for member and spouse.
-All trading of allowed investments must be made public and approved prior to purchase.
Need to fix the laws regarding all compensations for each and their campaign funds and future employments.
All people holding office must report investments earnings yearly so to avoid inside trading. It is a requirement for government employees signing that they will disclose or refrain from insider trading or owning stock that may lend itself to preferential treatment or trading. THIS includes immediate family and anyone that holds office. If they don’t want disclose, then they aren’t in the position for the right reason and need to move on.
Yes. This is good. It’s important to eliminate their influence and insider trading. Preventing ownership of stocks isn’t reasonable or smart. Imagine if Trump and family were forced to divest , do you think he would’ve run?
Completely agree, it’s practically a form of insider trading which is illegal.
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And a conflict of interest ban from voting on positions they hold
When politicians come out multimillionaires and pass laws for their benefits there should be a huge penalty for using their elected seat for their benefit… this is what let to all that is on the Hunter Biden laptop from hell…They should lose as big and they scored when they are paid off by our enemies and to allow them positions and abilities such as buying Hollywood by China to propagandize an demoralize us…The enemy within…
This should be a no brainer! Congress and Senate create the laws which impact corporations. They should not be able to purchase/sell stocks in those same corporations. Insider trading is supposed to be illegal and our politicians get a free pass and become multi millionaires trading on policies they create.
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They can still buy into index funds like most Americans do in their 401k, etc. Banning individual stock purchases does not prevent them from investing in the stock market. It simply prevents them from using insider knowledge to beat the market in ways we as citizens cannot.
Only allow congress, staff and executive branch from trading individual stocks but allow investment into mutual funds snd 401k.
This cannot be avoid completely due to mutual funds, etc but it needs to have better governance that limits our reps from becoming millionaires while in office
Excellent idea! This mandatory link between voting district and ability to ‘fund’ a campaign would solve the purpose of the Emoluments clause, I think. Would it be hard to ‘police’?
I believe there is a strong law already… I’m not sure what the enforcement is. Possibly one of favoritism on follow-through… which would then have to be prevented.
Exceedingly stiff. Up to now, fines for corporate infractions have been piddling!
There was a time when honest politicians placed their assets in a blind trust and a third party money manager made decisions. There is still room for manipulation in that strategy so maybe limit them to index funds that are intended for anyone. That way if they’re influencing anyone’s success, they’re influencing everyone’s.
AND their families…
Purpose:
The purpose of this policy is to ensure that elected officials act in the best interest of the public and eliminate any perceived or actual conflicts of interest in their financial dealings by restricting their investment activities to diversified and transparent financial instruments.
Policy Overview:
Restricted Investment Vehicles:
Members of Congress and the Senate, along with their immediate family members (spouses and dependent children), are prohibited from directly investing in individual stocks, bonds, or other securities.
Investments in privately held companies, hedge funds, private equity, or any other non-publicly traded financial assets are also restricted.
Permitted Investments:
Members may only invest in broad-based, low-cost index funds or diversified mutual funds that track market indices (e.g., S&P 500 Index Funds, Total Market Index Funds).
Investments in U.S. Treasury bonds and widely diversified government bond funds are permitted.
Blind Trusts Requirement:
Any permitted investments must be placed in a qualified blind trust managed by an independent trustee, with no knowledge of or involvement in the investment decisions by the member or their family.
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Many professionals, such as independent auditors, have adhered to such bans for years. They recognize that this is a price they pay for their profession. Assets can always be placed into a blind trust - managed by someone that doesn’t have access to the insider information.