• karashta@piefed.social
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    3 days ago

    This is performative and will go to the Senate and die or be torn to pieces and made useless.

    • finitebanjo@lemmy.world
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      3 days ago

      Yeah, tbh this is for sure getting filibustered.

      Imagine tho if it got shoved into budget reconciliation lol, that would be magical.

  • Tolookah@discuss.tchncs.de
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    3 days ago

    This is great, and hopefully it moves forward, but also whatever loophole they left should be closed up as well in a follow-up bill.

  • gAlienLifeform@lemmy.world
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    3 days ago
    1. this is like the twelfth time they’ve “banned insider trading by lawmakers,” why is it going to be anymore effective this time?

    2. the fact that this has a Republican cosponsor is more than enough reason to scrap the whole thing and start over

  • billwashere@lemmy.world
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    3 days ago

    Given that Jimmy Carter had to give up a peanut farm, why is this allowed in the first place? Any college freshman in a beginner ethics class would flag this as a “conflict of interest “ and yet here we are. Oh gees, I forgot, it’s about greed. Silly me.

    And my wife wonders why I despise the wealthy elite…

    • MrVilliam@sh.itjust.works
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      3 days ago

      Oh no, then we might have to have a special election to replace 85-year-old, out-of-touch millionaire Nancy Pelosi, and in the meantime the Democrats will be short a seat while already in the minority and refusing/unable to curb all this fascism. What a tragedy.

  • TrackinDaKraken@lemmy.world
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    3 days ago

    Laws are worse than useless without enforcement. Stock traders break laws every single day, it’s part of doing business, as are the tiny fines a few of them are charged when they are called out for breaking laws.

    This is complete bullshit. They’ll continue to trade, just illegally, now, knowing nothing will happen even in the rare situation where the FTC actually does anything.

  • drofenvy@lemmy.world
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    3 days ago

    Maybe let them trade stocks, but they have to publicly report all trades before or right when they’re made