March 17, 2022, Congressman Sean Casten (IL-D) addressed the House on the need to ban Members of Congress from trading individual stocks. In 2021, U.S. lawmakers traded an estimated $355 million of stock. In his remarks, Casten, who does not own or trade any stocks, called on every Member of Congress to stop trading stocks immediately.
Rep. Casten is a co-sponsor of the Ban Conflicted Trading Act, which would ban Members of Congress and senior congressional staff from making individual stock trades or serving on corporate boards.
"There's an iron rule of investing: unless you're Warren Buffet or have access to insider information, you won't make money trying to outsmart the market. Invest in mutual funds and index funds to build wealth.
And yet, according to a recent New York Times review, members of Congress are not only buying and selling a lot of individual stocks, but we consistently outperform the market.
I don't see Warren Buffett here. Nor do I see a lot of people with long track records of successful stock-picking BEFORE they came to Congress. But I do see a lot of people with a lot of access to inside information. Who know when we are about to change our defense contracts, or invest in domestic semiconductor capacity, or buy vaccines… and have the ability to trade on that inside information.
Our responsibilities as members of Congress are a trust from the voters.
Ethics matters – that's why I personally do not own or trade individual stocks. And I urge every Member of Congress to stop trading stocks immediately.
Even the appearance of impropriety by one member cheapens us all.
That's why I'm a proud cosponsor of the Ban Conflicted Trading Act, which would bar members of Congress and senior congressional staff from buying or selling individual stocks and other investments, and from serving on any corporate boards, while in office.
We owe it to the American people to sign that into law."
huih 发表评论于 2025-12-25 22:22:16
”Nancy Pelosi netted a 14.5% average annual return since she took office 38 years ago, crushing the S&P 500 by around 7% to 9% each year. That means that Nancy Pelosi made a 16,930% return on investment.“ 500% 应该是疫情中某个单年的。
huih 发表评论于 2025-12-25 22:15:57
“Nancy Pelosi achieved ~17,000% cumulative returns over decades of stock trading”。各种报道自己去查。She is the greatest investor in the world.
世道浇漓 发表评论于 2025-12-25 21:33:54
楼下这数学水平，难怪被川党忽悠。年回报率500%，一万本金十年就是$90B，谁信谁傻
huih 发表评论于 2025-12-25 20:06:15
国会议员inside trading，去年总计trading single stock，NYT的报道是236 million。Nancy Pelosi stock trading回报率是500% annual，碾压全世界最优秀的investor和trader。两党都有principle的议员，进入国会就脱清个人股票，但是少数。Ban congress member inside trading喊了很多年了，就是不见实施。光纠Trump是不是也太double standard？
