Bloomberg Opinion
In what’s become something of a ritual, members of Congress have lately been holding news conferences calling for stricter limits on their own stock trading. Americans love this idea, yet the bills have so far gone nowhere. Here’s hoping common sense may soon prevail.
Time and again, in recent years, members of both parties have executed trades that seemed to be awfully well timed. In early 2020, after some legislators had received classified briefings about the likely severity of COVID-19, a flurry of stock-buying ensued in industries that stood to profit from the pandemic. One congressman placed millions of dollars in undisclosed trades, including in medical and tech companies that had a stake in the virus response. More recently, at least one lawmaker seemed to have