1. United States
  2. Va.
  3. Letter

Congress, Put Down the Insider Trading Chips

To: Sen. Kaine, Rep. McGuire, Sen. Warner

From: A constituent in Charlottesville, VA

August 15

You already know the deal: Congress members are using insider info to play the stock market. The same people making the rules are placing bets on the industries they regulate. That’s not public service, that’s rigging the game. And seriously, how is this a fair game if the referees are cashing in on the outcome? A 2023 University of Maryland study found 86% of Americans (left, right, and everywhere in between) say enough. This is one of the rare issues where progressive Democrats and MAGA Republicans actually agree: it’s time to ban lawmakers from trading individual stocks . Rep. Alexandria Ocasio-Cortez (D) and Rep. Brian Fitzpatrick (R) have already teamed up on the Bipartisan Restoring Faith in Government Act, and a growing coalition from both parties is pushing to merge competing bills into a consensus ban. I don’t care whose name is on it: pass the damn bill. Prohibit members of Congress and their families from trading individual stocks. Stop betting on the game you’re supposed to referee. Do it now.

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