Members of Congress trade stocks of companies they directly regulate, consistently outperforming market averages. Paul Pelosi bought Visa IPO shares while legislation Visa opposed was before the House. He bought $1.95M in Tesla calls the day before Biden's EV announcement, and traded millions in semiconductors days before Congress allocated $52 billion to the industry. The STOCK Act penalty for violations is just $200. No member of Congress has ever been prosecuted under it.
Members of Congress consistently beat the stock market -- Nancy Pelosi's trades outperformed hedge funds while she shaped tech regulation
“Members of Congress are engaging in insider trading based on non-public information they receive through their legislative duties, and the STOCK Act is toothless by design.”
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