Tulsi Gabbard
๐ค SpeakerAppearances Over Time
Podcast Appearances
But the reality is you're in a position where you're making decisions either in committee or on the House floor.
that influence our markets, that influence the outcomes of certain industries, either causing some to tank or others to skyrocket.
And the mere perception of insider trading shouldn't exist.
This is legislation, again, I introduced in Congress years ago.
No member of Congress should be allowed to do any trading of any stocks.
Neither should their spouse, neither should their senior staff, period.
These are the people who have access to proprietary private information that's not open to everybody in the public or certainly before it becomes public.
And the possibility of the abuse of power in trading on that information should not exist.
It's interesting because as we're seeing, there are some members of Congress who share my view on that, but who are continuing to trade stocks themselves.
The Senate just passed, I think out of committee, its first step legislation that would reflect similar to mine.
I think they're banning members and their spouses.
We'll see where it goes in the Senate.
We've heard a lot of talk coming from leaders from both parties, but no action has been taken.
That to me is the most obvious way that people are going from being elected and having no money and you make, what, 160 grand a year or whatever the salary is now, to literally becoming multimillionaires.
That is the most obvious way.
There are stringent requirements of financial reporting that every member has to do certainly at least once a year, more often if you are actively trading in stocks.
I think it would be a little hard, not impossible, but a little hard if somebody is just coming and bringing you a sack of cash.
It's not to say that like, you know, I mean, I don't know.
This is not a real life example, but, you know, I don't know.
Could a lobbyist go and pay the tuition for your kid to go to a fancy private school?