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Congress Tries to Stop Stock Trading by Officials
Description
Congress is pushing a new bipartisan bill led by Rep. Maggie Goodlander to crack down on lawmakers, judges, and top officials trading stocks — a move aimed at closing loopholes and restoring public trust. Current penalties are laughably light — just a $200 fine, and no one’s ever been prosecuted under the existing STOCK Act. The new proposal would require violators to forfeit all profits and pay a 10% penalty, making it a real deterrent. The goal? Level the playing field, eliminate the appearance of impropriety, and ensure decisions serve the public — not personal gain. This could be a game-changer for government accountability — but will it survive the legislative grind?
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