3 ms·
Sure they can. Here’s an example where Congress banned itself and future classes from engaging in insider trading (which was previously legal): https://en.m.wi
by tacticalturtle 3y ago
Sure they can. Here’s an example where Congress banned itself and future classes from engaging in insider trading (which was previously legal):
https://en.m.wikipedia.org/wiki/STOCK_Act https://en.m.wikipedia.org/wiki/STOCK_Act
- chrisco255 3y agoIt's still very much practiced as seen during COVID-19 and Nancy Pelosi's exceptional portfolio performance and timing. It is also unenforceable. The 2012 Congress cannot regulate the legal activity of members of Congress without an amendment, unless the law broadly applies to the general population.
- hiatus 3y agoHow was Congress exempted from insider trading laws yet powerless to enact laws that restrict their own conduct?
- tacticalturtle 3y agoIf it’s unenforceable and unconstitutional, then why was the FBI able to obtain a search warrant for Richard Burr’s phone? https://en.m.wikipedia.org/wiki/2020_congressional_insider_trading_scandal https://en.m.wikipedia.org/wiki/2020_congressional_insider_t... Clearly both a judge and the FBI understood that they could act in this law. I don’t understand why you are so adamant on this point about regulating Congress. Multiple people in this thread have posted examples refuting this.