WATCH: Nancy Pelosi DEFENDS Stock Trading In Congress

Congress has been noticeably inconsistent when it comes to enforcing the STOCK Act, a law that is supposed to stop insider trading and conflicts of interest for Congress members and high-ranking staffers. So it should not be surprising that Speaker of the House Nancy Pelosi is in favor of members of Congress and their staffers being able to freely participate in the stock market. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:
https://twitter.com/atrupar/status/1471152961577439234

""We're a free-market economy. They should be able to participate in that." -- Pelosi's rationale for why spouses of members of Congress should be able to trade individuals stocks is not very convincing"

https://www.businessinsider.com/congress-stock-act-violations-penalties-consequences-2021-12

"Congress has a spotty and inconsistent method for collecting fines from members and top staffers who break a federal law designed to stop insider trading and conflicts of interest, an Insider investigation found.

Insider's investigation of financial disclosures found that 49 members of Congress and at least 182 of the highest-paid Capitol Hill staffers were late in filing their stock trades during 2020 and 2021.

Lawmakers and senior congressional staffers who blow past the deadlines established by the 2012 Stop Trading on Congressional Knowledge Act are supposed to pay a late fee of $200 the first time. Increasingly higher fines follow if they continue to be late — potentially costing tens of thousands of dollars in extreme cases."

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