I had no idea lawmakers were allowed to trade stock. that seems pretty corrupt.

Sharing is Caring!

Sen. Elizabeth Warren (D-Mass.) announced Friday she’s reintroducing a bill to prohibit lawmakers from trading stocks as Democrats look to make the issue a key aspect of Georgia’s two Senate runoffs.

The reintroduction of the bill by Warren and Rep. Pramila Jayapal (D-Wash.) coincides with scrutiny Georgia Sens. Kelly Loeffler (R) and David Perdue (R) are facing over their own stock trading during the pandemic.

Democrats have accused the two senators, who are locked in competitive runoffs to keep their seats, of using private information gleaned from congressional briefings to buy and sell stocks during the pandemic.

Loeffler and Perdue have both denied any wrongdoing, and federal officials have not found sufficient evidence to bring any charges, but Democrats are hoping to use the issue to flip both Senate seats and hand them a majority in the upper chamber come January.

Democrat the Rev. Raphael Warnock is challenging Loeffler, while Jon Ossoff is challenging Perdue. If both Democrats win, the party will hold a 50-50 Senate majority, with Vice President-elect Kamala Harris being able to cast tiebreaking votes.



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.