"It is despicable": House Demo... Note
Axios

"It is despicable": House Democrats rage over Republican stock trading "set-up"

House Democrats are fuming after a Republican-backed ad campaign. The ads laud Republican lawmakers as champions of stopping insider trading. This follow's the House's vote on the Stop Insider Trading Act. Democrats had concerns it was a Republican setup and only thirteen voted for it. The bill bans members of Congress and their families from buying individual stocks. However, it allows them to keep and sell existing stocks and invest in mutual funds. Democrats argue the bill is insufficient and does not include the President or cabinet members. They also objected to a provision requiring photo ID to vote. Republicans claim Democrats protected their own stock portfolios by voting against the bill. A large sum of money has been spent on these advertisements in swing districts. One ad specifically targets a Republican with a reputation for prolific stock trading. Democrats feel trapped by the Republican strategy. Some Democrats acknowledge it was an obvious setup they fell for. The Republican campaign defends their actions, calling it common-sense legislation. The ad campaign also targets a vulnerable Democratic incumbent for voting against the bill. Democrats vow to pass a real ban on congressional stock trading if they gain a House majority.
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