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Resource ID: #18471
Subject: Money And Politics
Source: Business Week
Date: 2022-08-28



A Business Week investigation finds that members of Congress often invest in companies whose fortunes they could influence. The story reveals that lawmakers often had insider information, which determined their or their relatives' stock trading decisions. For example, the reporter quotes the finding of a marketing professor that many members of the Congress sold tobacco stocks at the time when the antitobacco mood in Washington began to heat up. "The only strict prohibition bars members from voting on or pushing legislation that benefits a very small group ... but if the bill benefits them as ... shareholders, for example, they face no restrictions," the magazine reports.

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