BREAKING: New bill introduced to stop politicians from stock trading would require lawmakers to sell their stocks in 180 days. Those who don't face fines.
BREAKING: New bill introduced to stop politicians from stock trading would require lawmakers to sell their stocks in 180 days. Those who don't face fines.
I wish. I really do. But they won’t pass it. It’s like asking the fox to not attack the chickens and he’s hungry. That fox will never abstain from eating chicken. I guess if the stars & moon align just right and the universe is kind, maybe the stock trading bill would pass. 🤞🙏
it won’t pass
Fines? $1000?
And SIX MONTHS to sell the stocks once caught... Ridiculous! Policies need teeth or they are useless.
EXACTLY!!!
Now do the President and all investments.
A fine? For fuck’s sake. What’s that saying, if the only penalty for a crime is a fine, the rich never end up punished?
If ever.
Blind trusts are better. They may have stocks they owned before entering office.They will have to pay steep taxes on any gains.I would prefer to see audits done identifying any stock purchases that could be tied to insider information, forcing sale and docking gains.
Unless those are some substantial gone, it won't change anything. They'll just eat it like corporations and real estate eat their fines.
Weather forecast for hell tomorrow through the next millennium 2,000,000° ... sorry, there's no chance of Hell freezing over this century, I don't think. Although it would be nice.
The fine needs to be a billion dollars per day otherwise they will just game the system to make more than the fine
this is soooooo way overdue.
With a POTUS selling favors left and right this is fucking hilarious.
This will never happen.
But not the president right?
fine $1
Hey
I'm betting this will NEVER be passed. Anyone want to bet against me ? 🤔
oh no, not fines!!! fines don’t matter to wealthy people
Lol what's next a bill to release the epstein files?
This one isn't going to be passed lol, it's just for virtue signaling purposes
Never ever, ever gonna happen. You may as well combine it with 'One assault rifle per household' That's how much chance this bill has got. Two hopes. #BobHope #NoHope
How likely is it that they will vote to pass it? I'm going to see how many aren't making money from stock trades, I'm betting they're the minority.😔
Biil introduced that will get about as much traction as the Epstein files.
Didn't they carve out an exception for trump? Which is bullshit....nobody should be exempt.....🫠
The fine will probably be $100
Alternatively, those who don't could face a firing squad and that would probably be more effective
How bout them cryptos
Breaking: 🤣🤣🤣
That would be a stupid law. Congress members should be required to move all of their assets into a blind trust that they cannot access in any way. It would revert to their control when they leave office.
Wut They'd be required to stick to short-term trading? Again, wut?
Penalty should be expulsion or stock transfers to opposite party's campaign committee...offender's choice.
Whose going to enforce these fines? Or sales? Or anything, since the LEOs are using their guns against the people they swore to protect, and protecting the pedos who are insider trading....
They should face expulsion and their families shouldn’t be allowed to trade either! JFC!
The fines better be 2x their stocks value. If the fine is less than they make trading stocks why stop? Corporations will poison the environment because they know the fines are negligible compared to the profit they'll make polluting
THAT BILL WONT GO ANYWHERE.
Yes, that $10k fine will stop them from making millions.
If they don't sell their stocks they should be removed from office.
Those who don't lose their job.
Great
If this passes they all think a crash is coming
Sadly they will never vote in favor of limiting their ability to enrich themselves.
They can afford to pay the fines. They need jail time.
Let us all work to make this happen!!!
Oh, imagine this passing
Lemme guess: oops all loopholes
You know how far that bill is going...NOWHERE.
Again I’ll place the wager of my last nickel that there will not be any of them obey this! Dems or trumplKKKlans
It has ZERO chance of passing.
I’d rather see no fines. 180 days and if not sold they lose their seat. Fines don’t do shit.
Let's see who votes for that!!!!
Well that will never pass. At least not right now.
how about those who don't face MANDATORY REMOVAL FROM OFFICE, fines and PRISON
Came here to say exactly THIS
Will never be signed into law under Taco.
Massive top signal
Great, hope they do crypto next (neither will happen unfortunately)
@kirstengillibrand.bsky.social will call for private meeting with everyone to scream at them not to cut her income streams
Never going to pass
they introduce it every week lol
They will create out a tax cut just for them for their forced gains too I bet.
I am sure those insider trading multi-million dollar senators will be "concern" with fines....🤣🤷
And they still wouldn't pay them
How high are the fines?
Please. You think these shitasses have any morals or would would last a day if they weren’t insider trading while screwing over American people. #CorruptAF
Only a miracle will allow this to pass. Republicans will never have it.
How about - "face losing their jobs"!!!!
what is the point of selling existing stock
Won't happen
You think this will pass?
Not in this Congress
Three times the market prices seems fair.
It's hard to hold corrupt politicians accountable.
There is literally no chance whatsoever that this bill passes both Houses. It’s a fantasy that this Congress will do anything that reduces their ability to make money while failing at the job of representing the needs of the American People.
I’ll believe it when I see it
seems fair
Proof?
Seems like every month or two you hear about a new bill to stop these idiots getting rich off stock tips. Then you read about senator Rick Scott making 21 million and not even bother to claim it in time. I believe it when I see it.
10 bucks?
Hopefully the fines are significant enough to ensure compliance.
... Are the fines less than the amount of money they would make from successful insider trading?? Put. Them. In. Jail. For. It.
Trump is in the Epstein files.
That’s the only way politicians stack cash legally though
What is the cost of taxes on stock that is sold? It's a substantial loss. State and federal taxes would equal about 31%. Just don't allow them to trade or buy while in office. They don't need to sell what they have going in, but are welcome to sell if they desire to do so.
They should just require their stocks managed by a company/entity. This has been discussed. You can't expect people to disrupt lifelong savings and plans. It needs to be managed so individual congress people can't trade.
Waiting on Nancy …
Like that’s gonna happen
You’ll never see more bipartisan cooperation to kill a bill
$1 a day
Well we know this isn't going to happen!
That would likely crash the market
Give them 60 or they are expelled from Congress.
What kind of punishment? Substantial or a slap on the wrist?
I doubt this will pass but it is greatly NEEDED as one step in getting some corruption out of congress. All of congress should be focused on representing US, not their wallets.
Penalty (fine) must be egregious to stop the sctivity!
Exactly if the gains are greater than the fines, then nothing will change.
White collar crimes should be punishable by death. Its the only time I support the death penalty. And not a pleasant death
Typically give back all profit from the trade(s) and pay a fine.
Not going anywhere. They are there to make money.
Breaking. This account lies. Congress isn’t in session. Everyone should block this person.
My big wish is to end Citizens United!
6 months?? They should get 30 days max.
Crash Scenario: All Politicians sell all of their stocks!
Face fines?!? No, they need to lose their jobs immediately. Fines are easy to pay when you are profiting from insider information.
For some of them that is why they joined politics. There goes their reason to be politicians.
Will never pass. Pointless.
This includes stocks held by DJ Trump- right? If not, what the hell is the point. Until the POTUS has some kind of restraints we are a sinking ship. Blue states might as well secede from this GQP shitshow. They are destroying a great nation to soothe the ego of a maniac.