Several competing bills – including some that have not yet been introduced – would require members of Congress, their spouses and dependents to either divest their financial holdings or set up a blind trust for their investments.
The president’s “reckless economic policies are wreaking havoc on our economy,” Alabama’s junior senator tweeted.on how the price of groceries -- including hot dogs and cookies -- were rising at the fastest rate since 1979.
The exact amount of the stock buy is unknown because reporting requirements only call for a dollar range., would end up being worth between $150,861 and $377,150 as of the end of trading on Thursday, for nearly a 55 percent gain.When the Tubervilles purchased the stock in mid-July, it was worth about $14 a share.in less than two months of owning ChannelAdvisor Corp. Stock.
Trading on inside information is illegal, although legislators are allowed to trade stocks, even if policies they make through various committees they sit on or information they learn by sitting on those committees could affect their financial portfolios and entire industries. “Certainly, the appearance of a conflict of interest can be just as damaging as a conflict of interest,” Scherb said.On the other side of the aisle, House Speaker Nancy Pelosi’s venture capitalist husband, Paul Pelosi, made multi-million-dollar stock trades involving Big Tech companies targeted with a congressional antitrust bill., and spurred calls to rein in trading among members of Congress and their spouses.
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