In my previous post, I talked about the impact of Congressional Trading in 2021 and the possible future of stock trading in Congress. Since my report

Blubber Blog - Congressional stock trading: Ban your kids, ban your wife and ban your husband too

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2022-05-12 14:30:05

In my previous post, I talked about the impact of Congressional Trading in 2021 and the possible future of stock trading in Congress. Since my report came out there have been four new proposals to ban congressional stock trading. The issue has bipartisan support and seems to be gaining more support each week. That’s great! The less perceived conflicts of interest, the more trust we can have in our elected officials!

There has been lots of momentum to ban government officials, who are privy to non-public info or who have the power to sway the markets, from trading individual stocks. For instance, just this month, the Federal Reserve has expanded banning all officials from trading individual stocks and other assets while in office. The Fed’s list of banned assets includes stocks, bonds, derivatives, mortgage-backed securities, cryptocurrency, foreign currencies, short-selling, margins, commodities, and sector funds. The ban extends to family members too.

This post will cover how much spouses of Congressional members have disclosed in trades in 2021 and why it’s important that family members be included in any proposed ban on stock trading.