Senator Kelly Loeffler has faced questions about her stock trading activity while in office.
After she news in stock trading involved in key meetings early in the pandemic, she sold some stocks just before they lost significant value. Loeffler denied wrongdoing, and the investigation ended without prosecution. With that — and amid a heated presidential election — any momentum to pass new legislation to prevent persistent questions about whether lawmakers were profiting from trading individual stocks was lost.
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It relies on the Securities and Exchange Commission, an agency that is singularly empowered to uphold the credibility of the markets — and in this instance, it could also help bolster the credibility of our political system. For the past month, I have spent hours on the phone and on Zoom calls discussing an idea I developed that could significantly reduce, if not end completely, questionable stock trading by members of Congress by creating more transparency around trades.
I spoke to lawmakers, former prosecutors and former chairmen, commissioners and heads of enforcement at the S. Pitt, the chairman of the agency during President George W.
It is clever. The S.
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That would eliminate the frequent excuse that Congress members give about not being involved in trades, even when they are. Perdue said the senator was not involved in the day-to-day decisions of his portfolio.