Indeed, everyone believes congresspeople have some special exception to insider trading rules. In fact, they are subject to the same insider trading rules as ev

Indeed, everyone believes congresspeople have some special exception to insider trading rules. In fact, they are subject to the same insider trading rules as everyone else, and the conduct they engage in simply doesn’t meet the (unintuitive) legal definition of insider trading. Some efforts to impose a different, more expansive definition on congresspeople have failed, which might be the source of that misconception.