A bipartisan group of senators reached a deal Wednesday on legislation to ban stock trading by members of Congress, setting the bill up for action in the Senate later this month.

  • blackbrook@mander.xyz
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    5 months ago

    Penalties for violating the law would either be the monthly salary of a lawmaker or 10% of the value of each asset they buy or sell.

    Because I’m sure no one would make more than that and just take the trade off. And then take credit for saving the tax payers money. That’s definitely not the kind of thing that would happen in the Congress I know.

    • mecfs@lemmy.worldOP
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      5 months ago

      if this law becomes a 10% levy on politicians trading stocks, ill take that as a win