 Members of Congress use privileged information to make money on the stock market. While they're supposed to be working for you, make no mistake, it's legalized corruption. There's no good reason for elected officials to trade in individual stocks at all. Unless you have special insider knowledge, buying and selling individual stocks is a terrible way to get rich. It's gambling, plain and simple. That's why many Americans with retirement accounts prefer to invest in index funds, which are tied to the performance of the entire stock market. But many members of Congress continue to invest in individual stocks, and some do quite well. How do they do it? Well, consider this. Just before the economy crashed in 2008, several lawmakers frantically shifted their holdings to safer investments. This frenzy came just after private meetings with Treasury officials who had warned that an economic disaster was imminent. I imagine most of you weren't invited to these meetings. I certainly wasn't. But those lawmakers were, and could have chosen to act on that information. When this story came to light, people were naturally outraged. I think it's highly unethical. I think it's highly offensive and wrong. After immense public pressure, Congress passed the Stock Act in 2012, which formally banned insider trading. The act also required lawmakers to disclose their stock sales and those of their spouses within 45 days. By forcing these transactions to be public, the hope was that lawmakers would stop making questionable trades. And it worked, well, partially. By January 2020, a handful of senators, including Richard Burr, Diane Feinstein, and Kelly Leffler, all made significant trades after receiving a classified briefing on COVID-19. Well, before the public knew the full extent of the threat, few, if any, lawmakers have faced serious consequences for violating the spirit or the letter of the law, as insider trading is notoriously difficult to prove. In 2021 alone, news outlets identified 47 lawmakers who failed to properly disclose their trades. Their punishment? Nothing. Lawmakers are supposed to face a paltry $200 fine for failing to report on time, but congressional ethics officials usually waive it. There's an obvious solution to all this. Bar members of Congress from trading individual stocks? The proposed Ban Conflicted Trading Act does just this. Lawmakers would have six months after being elected to sell their individual holdings, transfer them to a blind trust over which they have no control, or hold onto them until they leave office without trading them. But Congress has yet to hold a vote on this bill. Even though 67% of Americans agree it's a good idea to ban members of Congress from trading individual stocks. There's good precedent for this. In October 2021, the Federal Reserve, following its own stock trading scandal, announced that Fed policymakers would no longer be allowed to trade individual stocks and bonds. Why shouldn't Congress do the same? As usual, follow the money. A majority of lawmakers are millionaires who likely get a sizable chunk of their wealth from investments and trades. So they won't support this bill unless there's enough public outcry to make them. And that's where you come in. With distrust in government near and all time high. Even the appearance of a conflict of interest hurts our democracy. Members of Congress are elected to represent the interests of the people, not the money in their brokerage accounts. Banning members of Congress from trading individual stocks is a no-brainer. Let's get it done.