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Report: Lawmaker Stock Trades Raise Ethical Questions Report: Lawmaker Stock Trades Raise Ethical Questions

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Congress / Congress

Report: Lawmaker Stock Trades Raise Ethical Questions

photo of Alexandra  Jaffe
June 24, 2012

A new survey by the Washington Post reveals 130 members of Congress or their families have made stock trades in companies that have spent time lobbying on bills that those lawmakers had some role in crafting.

Lawmakers bought and sold between $85 million and $218 million in stock, representing roughly 323 companies that registered with Congress to lobby on legislation, according to the analysis, which examined financial disclosures from 2007 to 2010. More than 5,500 of those trades had some interaction with legislation, The Post reported.

The practice is not illegal. Though Congress recently passed the Stock Act in an attempt to stop lawmakers from trading on insider information, the act did not impact this type of activity, The Post reported.

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