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Will US political insider trading ever end?

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Will US political insider trading ever end?

Transcript

27 segments

0:00

It's called the Stop Insider Trading

0:01

Act, and it's a kind of a Republican-led

0:03

effort on this issue. This would be a a

0:06

partial ban on lawmaker trading stocks.

0:08

Lawmakers would not be able to buy new

0:10

equities. They would they would only be

0:12

able to sell them after [music] after a

0:14

public disclosure of their plans to

0:16

sell. But, most controversially, it

0:17

would allow lawmakers to continue

0:19

holding [music] stocks. That's what

0:20

makes uh advocates on this issue un-

0:23

unhappy with this bill because it

0:24

essentially does not remove the conflict

0:26

of interest problem here. This bill is

0:28

not likely to progress any further than

0:30

than the vote. This bill is politically

0:31

toxic to Democrats, not just because of

0:33

this critique on the political the bill

0:36

itself, but because some unrelated

0:38

election um provisions were attached.

0:40

[music] Parts of Donald Trump's Save

0:42

America Act that he that he's been

0:43

pushing. So, Democrats are not going to

0:45

vote for this. They have the ability to

0:46

block it in the Senate, and the Senate

0:48

may not even bring it up.

Interactive Summary

The video discusses the 'Stop Insider Trading Act', a Republican-led proposal aimed at restricting stock trading by lawmakers. The bill, which prohibits new purchases but allows existing holdings and requires disclosure before selling, faces significant criticism for failing to fully resolve conflicts of interest. Additionally, its prospects are bleak due to the inclusion of controversial election provisions, making it politically unviable for Democrats in the Senate.

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