Congress Finally Does Something Right

Last November, I alerted readers to the hypocrisy that “members of Congress are not subject to insider trading laws, despite having access to far more material, non-public information than the average American, or, for that matter, the typical hedge fund manager.”

The Senate made a move to end this glaring loophole by passing an insider trading ban for Congress and administration officials today by a 96-3 vote. The Senate sent the bill to the House, which would consider the legislation next week.

Who could have possibly voted against this bill?

Senator Jeff Bingaman, a New Mexico Democrat, and Republican Senators Tom Coburn of Oklahoma and Richard Burr of North Carolina.

I hope their phones start ringing as angry constituents ask them to explain why they believe Congress is above the rest of the American people.

Aside from these three haughty aristocrats, I am happy to see Republicans and Democrats working together to do the right thing for the nation.

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About Sean Patrick Hazlett

Conservative clean energy crusader, national security hawk, financial analyst, engineer, and former military officer.
This entry was posted in Finance and Economics, Investing, Leadership, Politics and tagged , , . Bookmark the permalink.

3 Responses to Congress Finally Does Something Right

  1. A. Wade says:

    I am thrilled this was a bipartisan victory for the Senate. Whether our politics are left or right leaning we should be united in holding our politicians accountable on this issue.

  2. VR Kaine says:

    Some young unknown has an idea, investigates it, writes a book about it, and then 60 Minutes picks up the story and next thing you know, we have a shiny new law reducing corruption in government.

    Among other things, this is proof that this is STILL an amazing country with incredible opportunities for anyone with initiative. Look at what your buddy has done, and the results he’s achieved without one kid on a railroad track, smashed in window, or brick thrown at a cop’s face. OccuIosers should clue in and take note.

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