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Legislation to ban stock trading by members of US Congress won't be put to a vote before the Nov 8 midterm elections, leaving members and their relatives to continuously trade shares in companies that they also may be regulating.
As transparency rules kick in, more information is available to the public.
Over 2,600 officials at federal agencies invested in stocks of companies at the same time the firms were lobbying their departments for favorable policies, uncovered an investigation by the Wall Street Journal (WSJ).
Greater than 20% officials in senior positions, at the 50 U.S. Federal Agencies the Journal reviewed, had a conflict of interest in their stock choices.
Abigail Spanberger called for new leadership among House Democrats after a vote to ban lawmakers from trading stocks was delayed.