Rep. Louise Slaughter (D-NY) has re-introduced a bill to prohibit members of Congress and federal employees from profiting, or helping others profit, from non-public information— primarily through stock and futures trading— obtained due to their access to privileged, political-based information.
The Stop Trading on Congressional Knowledge Act would encourage increased oversight of the "political intelligence industry.” The legislation, H.R. 1148 (co-sponsored by Rep. Tim Walz/ D-MN), promotes fairness and transparency. Similar bills have been introduced several times since 2006 but have failed to gain traction. It is past time to see that members of Congress follow the rules that apply to the rest of us.