A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.
From the article:
So a 10% tax?
Kickback*
So they just have to make more than 10% and they can still do it without a real barrier?
Or just make so much that the $174k salary they could be fined is a reasonable fee.
I don’t think any of them become millionaires on their salary.
$170k a year is pretty good
More than pretty good, and certainly enough to accrue a million plus in assets over the span of a career.
But they sure do with their insider trading.
Sounds like zero teeth to me if the fine is just “the cost of doing business”
AFTER BEING SIGNED INTO LAW seems like a huge loophole to me. They can just trade while they’re talking about it or right after it passes but hasn’t been signed, etc etc.