At least 182 of Capitol Hill’s most influential and highest-paid staffers have blown past deadlines to detail and disclose their personal stock trades — violating a federal conflict-of-interest law in the process, an Insider analysis of congressional financial documents reveals.
The staffers’ failure to properly disclose the transactions come with a laundry list of excuses and rationalizations. They’re also a violation of the Stop Trading on Congressional Knowledge Act, a 2012 law designed to prevent insider trading and defend against financial conflicts among elected officials and their top aides.
Insider’s tally includes aides in both the House and the Senate with high-ranking jobs such as chiefs of staff, legislative directors, and communications directors. Also among them are workers known as professional staff members, who serve on congressional committees to advise lawmakers on policy.
The report has infuriated Americans and the issue is having a big impact on the 2022 midterm election.
Now, Pelosi has signaled that she would allow a vote on a bill to ban ownership of individual stocks by lawmakers as long as the same rules apply to the judicial branch.
It is amazing how quickly things can change in just a few weeks.