When Public Service Meets Private Gain: Restoring Trust by Restricting Congressional Stock Trading
Introduction Imagine you are a member of Congress. During an otherwise routine briefing, you receive information that could significantly impact your investments. What do you do? Would you hold your investments and accept the potential loss of hundreds of thousands of dollars or sell them, risking the appearance and reality of trading on insider information? This issue is far too common among members of Congress. On March 10, 2023, Representative Jared Moskowitz (D-FL) sold between $65,000...