A total of 97 congressmen and women were found to have trades in companies influenced by their committees, according to a new report.
Of 435 House members, 183 reported stock trades by themselves or immediate family members from 2019 to 2021, with over half being members of committees that could have influenced these trades, an investigation from the New York Times found. The partisanship of the members is split about evenly between Republicans and Democrats, with 49 Republicans and 48 Democrats accused of the practice.
"As a mom, I would be grateful if my college student son was not allowed to own or trade stocks. And as a member of Congress, I'm working to pass a law to force him to listen to his mother," Craig said in a statement. Can confirm. And he lost money on both trades. https://t.co/egpbAGv5UwCraig's son traded Lyft and Ford stocks while she was a member of the House Transportation and Infrastructure Committee, apparently unbeknownst to her.
The congresswoman, who sold all of her stocks before entering office, wants to enact a law that would require the same of everyone in Congress, banning not only stock trading, but also ownership as well for members of Congress and their immediate family members.
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