Tornado Alley (PROG)

[blackhawks]

Actual case in point? You've yet again jumped to a conclusion not supportable from this link:

https://www.cnbc.com/2022/02/09/congress-moves-towards-banning-members-from-trading-stocks.html

At Pelosi’s direction, the House Administration Committee is working on drafting the rules, and the legislation is expected to be put up for a vote this year, likely before the November midterm elections.

In the Senate, several versions of a stock trading ban are under consideration, including one co-authored by progressive Democratic Sen. Elizabeth Warren of Massachusetts and Montana Republican Sen. Steve Daines.

How is it dead, rather than in the midst of the sausage making?
I see greater culpability from the GOP if the measure does collapse.

https://thehill.com/blogs/congress-blog/3262333-reforming-congressional-stock-trading-is-a-bipartisan-issue-its-time-to-stop-playing-games-and-get-it-done/

But just as we get close to meaningful reform, Republican leadership is changing their tune. In a congressional hearing on member stock trading, scheduled for April 7, 2022, Republicans have chosen to call on the testimony of Jennifer Schulp, director of Financial Regulation Studies at the CATO Institute, who has astonishingly argued that insider trading is actually good for society, claiming that “prohibitions on insider trading already harm market efficiency.”

Seriously, WTF?!

That’s right, instead of calling on a serious witness to address corruption, Republicans have decided on a witness who wants to end restrictions on insider trading altogether.

Kevin McCarthy claims that he would end insider trading in Congress, if only he were in power, but his caucus is calling on witnesses who believe that insider trading is actually good. Why should anyone believe that McCarthy would address the issue at all if he became Speaker?

Leader McCarthy should listen to the voters—including 78 percent of Republicans—who believe that Members of Congress should not be able to trade stocks while in office.