A populist movement on both the left and right is pushing for stricter regulations on congressional stock trading, fueled by public perception of corruption. Despite existing laws like the 2012 Stock Act, which prohibits trading on nonpublic information and mandates disclosure of transactions over $1,000, concerns persist.

In response to public sentiment, the House recently passed the Stop Insider Trading Act by a 232-198 vote. This legislation aims to address allegations that legislators are profiting from insider knowledge. However, the article notes that these accusations are not based in reality.

For the record, reporting from the Journal indicates that in 2024, less than half of the Senate and only a third of the House owned shares in individual companies. Serious allegations of insider trading are already subject to FBI investigation.