Let me ask you something – why should members of Congress get to trade stocks based on insider info while you’d get thrown in federal prison for doing the exact same thing? For decades, these people have enjoyed a privilege that would land any corporate executive behind bars. While everyday Americans face strict penalties for insider trading, those who write our laws operate under a completely different set of rules.
The establishment has protected this corrupt system for years. Of course they have – it’s made them millions. They dismiss reform efforts as unnecessary restrictions on public servants. But now, a surprising coalition is emerging that could finally end this double standard.
The push for reform gained unexpected momentum this week when President Trump threw his full support behind a bipartisan effort to ban congressional stock trading. The president’s enthusiastic endorsement signals a huge change in the fight against Washington corruption.
From ‘Just the News’:
President Donald Trump on Monday threw support behind a bipartisan effort led by Congresswoman Anna Paulina Luna, R-Fla., to end stock trading for members of Congress and their spouses. “MASSIVE WIN!” Trump wrote on TRUTH Social. “Congresswoman Anna Luna is using a procedural loophole to force a vote to ban stock trading for Congressmen and Senators THIS MONTH! Nancy Pelosi is FREAKING OUT!”
An Unlikely Alliance
The legislation, known as the Restore Trust in Congress Act, has created one of the strangest political coalitions in recent memory. Conservative firebrands like Rep. Chip Roy of Texas are standing shoulder-to-shoulder with progressive Squad members Alexandria Ocasio-Cortez and Pramila Jayapal. Yeah, you read that right. Hell must be freezing over. It’s not often that Trump and AOC find themselves on the same side of any issue, but congressional corruption has proven to be the great unifier.
Rep. Anna Paulina Luna isn’t waiting for House leadership to act. She’s prepared to use a discharge petition – basically a way to force a vote – by month’s end if Speaker Mike Johnson doesn’t bring the bill forward voluntarily. With 95% of Americans supporting an end to congressional stock trading, Luna has the political momentum and public opinion firmly on her side.
The proposed legislation would prohibit members of Congress and their spouses from trading or owning individual stocks. Even blind trusts wouldn’t be allowed. Violators would face penalties equal to 10% of the investment’s value and forfeit any profits. That’s it? A slap on the wrist for what would send you to jail? Still, it’s better than nothing. As Luna bluntly stated at a recent press conference, “If you want to trade stocks go to Wall Street. Don’t go to Congress.”
The Establishment Fights Back
Despite overwhelming public support, these establishment types are fighting tooth and nail to protect their privileges. Senator Ron Johnson of Wisconsin argued that such restrictions would discourage successful business people from seeking office. He claims Congress needs more private sector experience, not less. Right, because nothing says ‘private sector experience’ like using classified briefings to beat the market.
The resistance from establishment figures like Nancy Pelosi reveals just how entrenched this corrupt practice has become. I bet she is freaking out. Her husband’s stock picks have been suspiciously lucky for years. Trump gleefully noted her panic, and honestly, who can blame him?
Key Takeaways
- Trump backs bipartisan effort to ban congressional stock trading completely
- 95% of Americans support ending this corrupt privilege for lawmakers
- Strange coalition of Trump and AOC shows this transcends party politics
- Nancy Pelosi and establishment figures are panicking over potential reforms
Sources: Just The News, CNBC
