Peter Schweizer, President of the Government Accountability Institute, joined Kristine Frazao on Sinclair Broadcasting’s The National Desk to discuss the bipartisan effort to ban members of Congress and their families from trading individual stocks.
Schweizer traced the issue back to his original exposé on insider trading in Washington, a book called Throw Them All Out, which helped pass the 2012 STOCK Act before it was later gutted by Congress.
One the program, Schweizer warned that without strong reforms and enforcement, lawmakers will continue to profit from their privileged access to non-public information. He also noted that while public sentiment overwhelmingly favors reform, entrenched congressional leadership makes action to do it unlikely. Both Speaker Mike Johnson and former President Trump have voiced support for a ban but, as Schweizer emphasized, the fight is far from over.
