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In April, Senator Josh Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments Act, aiming to prohibit Congress members and their spouses from trading individual stocks, inspired by Nancy Pelosi’s controversial trading reputation. Despite the STOCK Act of 2012 imposing some trading restrictions, concerns persist about Congress members profiting from insider knowledge, leading to bipartisan support for a ban. Research shows that while Congressional trading lacks superior performance, it may still provide insights into market trends, especially around political events.
