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Stock trading is always a risky gamble, and people never know if their hunches are going to win or lose them a whole lot of money. Yet for members of Congress, their "bets" mysteriously pay off a lot more frequently, with huge financial wins. In fact, trading portfolios for lawmakers consistently perform much better than those of the public.
If members of Congress are allowed to have a personal financial stake in the laws they're voting on — say, if a bill would positively or negatively affect a specific industry's stocks — that is a giant conflict-of-interest and is absolutely unacceptable. Similarly, if they receive advance information about an upcoming industry change, that gives them a corrupt, unfair advantage to profit from this information.
Luckily, some lawmakers want to restore trust and crack down on any conflicts-of-interests. A bipartisan group of Senators have introduced the ETHICS Act, which would ban members of Congress and their families from trading individual stocks.
Lawmakers are supposed to be public servants. They're not supposed to be here to profit from secret or early knowledge. They need to get their priorities in order — it's the only way to restore our trust. Sign the petition to demand that Congress pass the ETHICS Act!
Thank you,
Miranda
Care2 Petitions Team
P.S. Members of Congress are supposed to serve the public, not their own wallets. Demand Congress reform itself by passing the ETHICS Act. Sign the petition.
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