> For example, knowing that Oracle will get approval to buy Tiktok early can change Oracle's stock price. That's insider info. If a congress person gets that i

> For example, knowing that Oracle will get approval to buy Tiktok early can change Oracle's stock price. That's insider info. If a congress person gets that info from oracle or TikTok or someone with fiduciary duty to their shareholders that’s insider info (in the US) and that congress person is subject to existing insider trading laws. If they get it as part of their duties in Congress it’s not insider info, the same way any other person without the fiduciary duty. It may be an abuse of power and we may want to ban it, but it’s not insider trading. It’s an important distinction because insider trading laws (in the US) are not predicated on open access to information, rather on not stealing from people you have a duty to. It’s not a fairness doctrine it’s property rights one.