Newsletter Subject

Re: Sign the petition: Ban Congressional stock trades

From

dailykos.com

Email Address

campaigns@dailykos.com

Sent On

Mon, Jan 31, 2022 09:22 PM

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Here's the email we previously sent: ---------------------------------------------------------------

[You still have time to stop members of Congress from buying and selling individual stocks while in office. Add your name to Demand Progress' petition today.]( [SIGN ON]( Here's the email we previously sent: --------------------------------------------------------------- Friend, [Momentum is building to ban members of Congress from buying and selling stocks while in office. But we need your help to convince leadership to make it law. Add your name to Demand Progress' petition to stop this abuse now!]( [SIGN ON]( Federal laws require lawmakers to publicly disclose stock trades within 45 days, but lawmakers routinely violate these rules (even after eviscerating the disclosure rules). A handful of members have recently faced federal investigation over allegations they engaged in insider training, using confidential information to trade stocks to make money. Existing rules aren’t strong enough. Only an outright ban will rein in these scandals. Senator Jon Ossoff and other members of Congress just introduced bills to ban lawmakers from owning and trading individual stocks. Now we need your help to convince Congress to act and help clean up our political system. [Sign Demand Progress' petition: Stop members of Congress from buying and selling stocks while in office!]( [SIGN ON]( In 2019, Rep. Chris Collins pleaded guilty to federal charges related to tipping off his son about nonpublic information he had obtained about a pharmaceutical company's failed drug trial. (Trump later pardoned him.) Then there was the news that federal prosecutors were investigating whether Senators Kelly Loeffler, Richard Burr, Jim Inhofe, and Dianne Feinstein profited from insider information about the coronavirus in February 2020 as the pandemic was unfolding. Though Trump's Department of Justice declined to file charges against the four after an investigation, the SEC is conducting a civil investigation of Burr. These are just the scandals we know about. It's clear that allowing members of Congress to trade individual stocks while they're in office poses a tremendous conflict of interest. After a public outcry, Speaker Nancy Pelosi is now open to legislation banning this practice. More than two dozen members of Congress sent her and Republican leader Kevin McCarthy a letter urging them to prioritize swift passage of a Congressional stock trading ban. Placing pressure on members of Congress is how the original stock trading transparency legislation was enacted. Only if they know you are paying attention will they act. [Add your name. Tell Congress: It's time to clean up your act and stop buying and selling stocks while in office!]( [SIGN ON]( Thanks for standing with us. Demand Progress Paid for by Demand Progress. Does not equal endorsement. Daily Kos, PO Box 70036, Oakland, CA, 94612. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.

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