Multiple U.S. senators have been accused of insider trading related to the coronavirus.
While investigations are ongoing, insider trading can be very difficult to prove. The same action can be legal or illegal depending on what information the person was using when they were trading.
We can help restore confidence in our lawmakers by banning them from trading individual stocks altogether. That doesn’t mean they can’t own stocks – lawmakers can put their stocks into a blind trust while in office. That way, they won’t know what stocks they own.
Voters shouldn’t have to wonder whether lawmakers are casting votes to help boost their portfolios.
Recent accusations of insider trading have undermined public confidence in Congress during our current crisis.
To help restore public trust, we’re calling on Congress to include language in the next coronavirus relief package that bans members from trading individual stocks.