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Congressional Stock Trading Under Fire | Salt Lake City News
Congress is poised to vote on the Stop Insider Trading Act, a new bill that would bar lawmakers from buying individual stocks while in office—though they can still hold existing shares or invest in diversified funds. This compromise version, less extreme than earlier proposals that demanded selling all stocks within 90 days, focuses on transparency by requiring public notice before selling individual stocks. Designed to rebuild public trust, the bill also toughens penalties—raising fines from $200 to either $2,000 or 10% of the trade’s value, whichever’s higher. Still, critics say it’s too…
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