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A bipartisan bill to ban congressional stock trading gains support amid evidence senators profit from insider information.
A bipartisan bill to ban stock trading by Congress members and their families has gained momentum, with 17 Republicans and 58 Democrats co-sponsoring it, driven by concerns over insider trading and conflicts of interest.
A new study found that U.S. senators consistently outperformed the market on trades made before key legislative milestones, especially those on influential committees, suggesting possible access to non-public information.
The research, published in the Journal of Business Ethics, raises ethical concerns and supports a "contingent freedom" model that restricts trading during sensitive legislative periods.
Advocates say the ban is crucial for restoring public trust in government.
Un proyecto de ley bipartidista para prohibir el comercio de acciones del Congreso gana apoyo en medio de pruebas de que los senadores se benefician de información privilegiada.