It’s an open secret that many people enter elected office to get rich.
How many times have we learned about an official getting caught trying to bank off their position?
Too many to count.
But this kind of behavior goes beyond just local Democrats and seedy mayors.
Even in D.C., the home of the swamp, politicians seem to use their power to get rich.
But did you know there is a law against some of what they do? Now, it seems like a bunch of them are in hot water over it.
From Fox Business:
A government watchdog group asked the Office of Congressional Ethics last week to investigate Assistant Speaker of the House Katherine Clark, D-Mass., for apparently failing to timely disclose up to $285,000 in financial transactions…
Other lawmakers targeted with ethics complaints in recent weeks for potentially violating the law have included former Democratic National Committee Chairwoman Rep. Debbie Wasserman Schultz of Florida and Sen. Rand Paul, R-Ky.
Numerous lawmakers in Washington are in hot water because of what they did with stock over the last year.
The STOCK Act prohibits congressmen from engaging in “insider trading” based on the information they learn through their offices.
As you know, representatives sit on committees that receive a wide range of data. They regulate numerous industries and learn things the public won’t for weeks or months to come.
Some of what they learn never reaches the public.
It would be very tempting for a congressman to make stock decisions, based on privileged information.
Americans were outraged when several senators sold stock early in 2020, just before a sea of lockdowns triggered a recession.
It seems that many other lawmakers are in hot water for refusing to disclose their assets and their spouse’s assets, according to this law.
A watchdog group is demanding investigations into Nancy Pelosi’s assistant, Katherine Clark.
But it seems several other lawmakers have some explaining to do, including at least one Republican.
With Joe Biden fumbling around the White House, there’s no telling what kind of corruption is being covered up on Capitol Hill.
Unless the American people demand answers, we might never find out about it.
- A watchdog group is demanding an investigation into congressmen’s stock activity.,
- The STOCK Act prohibits lawmakers from conducting insider trading.
- The law requires disclosures of their assets as well, which several refused to do in a timely manner.
Source: Fox Business