Tag Archives: Pete Sessions

Fresh Calls for Stock Trading Ban After US Lawmakers Beat Market in 2023

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“Members of Congress should not be allowed to trade stock,” said one former congressional candidate. “It’s corruption.”

By Jessica Corbett. Published 1-3-2024 by Common Dreams

Screenshot: Yahoo Finance

A financial watchdog group on Tuesday released its annual report on congressional stock trading, which shows that “Congress blew the market out of the water” in 2023, fueling fresh calls for a ban targeting U.S. lawmakers and their immediate family members.

“Members of Congress shouldn’t be allowed to trade stocks of the companies they regulate for the same reasons referees aren’t allowed to bet on the games they officiate,” Melanie D’Arrigo, a former Democratic congressional candidate who is now executive director of the Campaign for New York Health, said in response to the Unusual Whales report.

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US Lawmakers With Pipeline Stocks Profit as Gas Exports to Europe Soar

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“Members of Congress who own stock in pipeline companies like Enterprise Products stand to profit from the push to export liquid fossil gas amid Russia-Ukraine tensions,” according to a new investigation.

By Kenny Stancil.  Published 2-10-2022 by Common Dreams

The LNG taker Rivers arrives in Brest. Photo: Pline/Wikimedia Commons/CC

Amid escalating tensions between Russia and Ukraine, which could have far-reaching implications for energy markets in central Europe, U.S. President Joe Biden has increased gas exports to Germany and surrounding countries, benefiting members of Congress who own—and are buying up more—stock in pipeline and tanker companies.

That’s according to new reporting published Wednesday by the nonprofit investigative outlet Sludge, which previously identified at least 28 U.S. senators and 100 House members whose households own stock in oil and gas companies or hold other investments in the fossil fuel industry. Continue reading →

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