Report: Biden Admin Cut Line from SOTU Speech Endorsing Ban on Congress Trading Stocks

    0
    119

    The Washington Post reported that earlier drafts of Biden’s address included an endorsement of banning members of Congress from trading stocks, but a transcript of the speech reveals it was ultimately cut — mentioning only the Russian stock market.

    In December 2021, House Speaker Nancy Pelosi (D-CA) stated that Congress and their family members should not be banned from trading stocks because “we’re a free market economy.”

    The remark came after it was revealed that 54 Republicans and Democrats in Congress failed to properly disclose their transactions in accordance with Stop Trading on Congressional Knowledge (STOCK) Act.

    The watchdog organization Unusual Whales has revealed that, on average, members of Congress beat the market in 2021 with hundreds of millions of dollars in stock trades. Those who faired the best were Reps. Austin Scott (R-GA), Brian Mast (R-FL), French Hill (R-AR), John Curtis (R-UT), Dan Crenshaw (R-TX), and Nancy Pelosi (D-CA).

    Trump’s Secret Legacy Is Set To Create Small Fortunes!

    Developing Story - Trump administration oversaw a RADICAL change to the tech world… one that could unleash a huge wave prosperity… and wealth creation in the near future. Find Out More

    Find Out More

    Likewise, Sen. Jeff Merkley (D-OR) previously said lawmakers are undoubtedly influenced by their stocks when it comes to legislation and the industries they are supposed to be regulating like Wall Street and giant tech conglomerates.

    Banning members of Congress from trading stocks is hugely popular among Americans.

    A Trafalgar Group survey revealed that 76 percent of Americans believe lawmakers have an “unfair advantage” when it comes to the stock market. Only five percent support permitting the practice.

    John Binder is a reporter for Breitbart News. Email him at [email protected] Follow him on Twitter here.

    Jeff Bezos’ Big Bet
    World’s 2nd-Richest Man’s Latest Bombshell

    The fuse has already been lit... and on March 9th I believe he’ll reveal a few more details. If you missed out on taking advantage of the Amazon success story... don’t miss out again. Find Out More

    Find Out More

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here