{"id":1258082,"date":"2022-01-31T11:08:34","date_gmt":"2022-01-31T16:08:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1258082"},"modified":"2022-01-31T11:08:45","modified_gmt":"2022-01-31T16:08:45","slug":"bipartisan-support-grows-for-congressional-stock-trading-ban","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bipartisan-support-grows-for-congressional-stock-trading-ban\/","title":{"rendered":"Bipartisan Support Grows For Congressional Stock Trading Ban"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbipartisan-support-grows-for-congressional-stock-trading-ban%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1258082&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"p1\">It\u2019s Monday, January 31st, and this is your Morning Wire. Listen to the full podcast:<\/p>\n<p class=\"p1\">1) Bipartisan Support Grows For Congressional Stock Trading Ban<\/p>\n<p>The Topline: A new bipartisan effort is underway to ban members of Congress from trading individual stocks after multiple studies have brought into question whether members have been using inside information to get rich.&nbsp;<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=yhaZZI2NBfQ\">Quote Of The Day:<\/a> \u201cMembers of Congress shouldn\u2019t be padding their own pockets and lining their own wallets, they ought to be focused on doing what the people sent them there to do, and that means they shouldn\u2019t be trying to make a quick buck on the stock market.\u201d<\/p>\n<p>\u2013 Senator Josh Hawley (R-MO)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-336712\" class=\"size-full wp-image-336712\" src=\"https:\/\/www.dailywire.com\/wp-content\/uploads\/2022\/01\/Spencer-PlattStaffGetty-Images4.jpg\" alt=\"\" width=\"600\" height=\"400\" srcset=\"https:\/\/dw-wp-production.imgix.net\/2022\/01\/Spencer-PlattStaffGetty-Images4.jpg 600w, https:\/\/dw-wp-production.imgix.net\/2022\/01\/Spencer-PlattStaffGetty-Images4-300x200.jpg 300w\" \/><\/p>\n<p id=\"caption-attachment-336712\" class=\"wp-caption-text\">Spencer Platt\/Staff\/Getty Images<\/p>\n<p>Trading<\/p>\n<p>Members of Congress are currently allowed to buy and sell individual stocks as long as they aren\u2019t trading with \u201cnonpublic knowledge.\u201d Critics say this is too vague a definition, and leaves the door open for members of Congress to unfairly leverage the information they hear in closed door meetings to their advantage.&nbsp;<\/p>\n<p>Numerous politicians, both Republicans and Democrats, made significant profits buying and selling stocks related to vaccines and other COVID-19 products. In multiple instances, it looked as if they were trading with information they\u2019d received in closed door briefings during the early days of the pandemic.&nbsp;<\/p>\n<p>In a recent poll, 75% of voters said Members shouldn\u2019t be playing the stock market. Though House Speaker Nancy Pelosi initially said she opposed the measure because \u201cwe\u2019re a free market economy,\u201d she changed her message last week as pressure built, saying \u201cIf members want to do that, I\u2019m okay with that.\u201d&nbsp;<\/p>\n<p>Leaders from both sides, including Republican Senator Josh Hawley (MO) and Democratic Senator John Osoff (GA), have proposed similar laws that would ban members of Congress and their immediate families from buying individual stocks. If they wanted to invest in the market, they\u2019d have to put their money in a blind trust instead. Under Hawley\u2019s proposal, members who violated the law would have to pay all of their profits directly to the U.S. Treasury, while under Osoff\u2019s bill, they\u2019d have to pay a fine roughly equal to their congressional salary.<\/p>\n<p>Suspicious Buys<\/p>\n<p>In November, Lockheed Martin won a $10 billion contract with the U.S. government to modernize the F-22. Two weeks before the deal, House Democrat Kathy Manning bought $30,000 worth of Lockheed stock. She sits on the House Foreign Affairs committee and presumably would\u2019ve known that this contract was coming. House Republican Kevin Hern, who sits on the Budget committee, did the same, buying $100,000 worth of Lockheed stock just weeks before the contract was announced.&nbsp;<\/p>\n<p>On March 19th, House Speaker Nancy Pelosi and her husband bought over $3 million worth of Microsoft Stock, and 12 days later, the stock spiked 12% when it was announced that Microsoft had secured a $22 billion contract with the U.S. military. Many traders started following Members\u2019 stock activity and copying their moves, which resulted in them turning a profit. It became a popular trend on TikTok and Twitter.&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-336713\" class=\"size-full wp-image-336713\" src=\"https:\/\/www.dailywire.com\/wp-content\/uploads\/2022\/01\/Getty-Images-Michael-Stewart-WireImage-.jpeg\" alt=\"\" width=\"600\" height=\"338\" srcset=\"https:\/\/dw-wp-production.imgix.net\/2022\/01\/Getty-Images-Michael-Stewart-WireImage-.jpeg 600w, https:\/\/dw-wp-production.imgix.net\/2022\/01\/Getty-Images-Michael-Stewart-WireImage--300x169.jpeg 300w\" \/><\/p>\n<p id=\"caption-attachment-336713\" class=\"wp-caption-text\">Getty Images: Michael Stewart \/ WireImage<\/p>\n<p><strong>2) Biden Administration Pressures Spotify Over Rogan Content<br \/><\/strong><\/p>\n<p>The Topline: A leading health official in the Biden administration is suggesting that Big Tech needs to do more to reign in Joe Rogan\u2019s influence.<\/p>\n<p><a href=\"https:\/\/twitter.com\/tomselliott\/status\/1485991796257738757?s=20&amp;t=vkQ0EUDqnRiZPVZDi485vg\">Quote Of The Day:<\/a> \u201cNow when it comes to how we root out the misinformation in society right now, and give people access to accurate information, we\u2019ve got to do several things. Number one, we\u2019ve got to recognize that our technology platforms, whether particularly social media, these have an important role to play. These are the predominant places where we\u2019re seeing misinformation spread.\u201d<\/p>\n<p>\u2013 U.S. Surgeon General Vivek Murthy<\/p>\n<p>Joe Rogan<\/p>\n<p>Last week, citing concerns over vaccine \u2018misinformation,\u2019 Neil Young asked Spotify to choose between his music and Joe Rogan, and Spotify chose Rogan. Joni Mitchell joined Young saying she\u2019s going to take her music off the platform if it continues to host Rogan\u2019s show. Yesterday, Prince Harry and Megan Markle challenged the streaming platform to \u201cmeet the moment.\u201d&nbsp;<\/p>\n<p>Now, the Biden administration has signaled it wants Spotify to reign in Rogan, with U.S. Surgeon General Vivek Murthy making a pointed statement on MSNBC last week.<\/p>\n<p>The Debate<\/p>\n<p>Some conservative legal scholars argue that part of Big Tech\u2019s free speech is having the liberty to censor speech on their platforms as they see fit as private companies.<\/p>\n<p>Other constitutional experts have said this is too simplistic because the government has been coercing Big Tech to suppress speech. In that case, Big Tech is acting as an arm of the government engaging in censorship.<\/p>\n<p>In July, White House Press Secretary Jen Psaki outlined a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/press-briefings\/2021\/07\/15\/press-briefing-by-press-secretary-jen-psaki-and-surgeon-general-dr-vivek-h-murthy-july-15-2021\/\">series<\/a> of \u201casks\u201d she said the Biden administration has presented to Big Tech companies.<\/p>\n<p>Since then, YouTube and Twitter have taken action against Rogan. YouTube has removed some of<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s Monday, January 31st, and this is your Morning Wire. Listen to the full podcast: 1) Bipartisan Support Grows For Congressional Stock Trading Ban The Topline: A new bipartisan effort is underway to ban members of Congress from trading individual stocks after multiple studies have brought into question whether members have been using inside information &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1258082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1258082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1258082"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1258082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1258082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1258082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1258082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}