GAI President, Peter Schweizer, discusses congressional corruption through insider trading, highlighting how lawmakers routinely evade the STOCK Act and exploit privileged information for financial gain.
Appearing on Chanel Rion’s program on OANN, Schweizer explains that while corporate executives face SEC investigations and prison for trading on inside information, members of Congress—who write their own rules—are allowed to profit from nonpublic knowledge.
Schweizer exposed this behavior in his 2011 book Throw Them All Out, which exposed members of Congress actively trading on stocks after coming out of hearings where they got confidential reports about market-moving events. His expose led to the passage of the STOCK Act in 2012.
“It’s not a red or blue problem,” Schweizer tells Rion. “It’s a green problem.”
Schweizer cites Nancy Pelosi’s unusually high returns as a prime example and points to both parties engaging in questionable trades during crises like 2008 and COVID-19. He argues that lawmakers should be restricted to broad index funds and barred from trading individual stocks, IPOs, and options to restore public trust, though he admits resistance remains strong in Washington.
