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I think the problem with this act is AFAIK it states they have to report the trades 45 days AFTER they make them. Not before they make them. So they all just wa
by animal_spirits 5y ago
I think the problem with this act is AFAIK it states they have to report the trades 45 days AFTER they make them. Not before they make them. So they all just wait until 45 days later when it’s not relevant anymore. New news cycle, people forget
- notacoward 5y agoAFAICT they wait even longer than that, and suffer no consequences. For example, Rand Paul waited 16 months to disclose his wife's trades in Gilead Sciences. https://www.washingtonpost.com/politics/2021/08/11/rand-paul-gilead-stock/ https://www.washingtonpost.com/politics/2021/08/11/rand-paul... RP is a particularly grotesque piece of work (not only in this regard), but he's far from alone. Staffers are subject to the same rules, and at least 182 of them have done the same thing. https://www.businessinsider.com/congress-staff-violated-stock-act-conflicts-of-interest-possible-2021-12 https://www.businessinsider.com/congress-staff-violated-stoc...