I voted no on the so-called “Stop Insider Trading Act.”
Not because I believe government officials should be allowed to trade stocks. I don’t.
But this bill doesn’t fully ban that.
Members of Congress could still own and sell stocks, and the restrictions don’t apply to the biggest stock trader in our government—the President of the United States.
Meanwhile, Republicans added parts of the SAVE Act to it, which would make it more difficult for millions of Americans to vote.
If Republicans really cared about banning stock trading by members of Congress and other senior government officials, they could have brought forward a straightforward bipartisan bill that had a real chance of becoming law.
Instead, they chose to play politics, making it less likely that a meaningful stock trading ban will become law and more likely the current broken system will be left in place.