Lawmakers could vote for infrastructure bill, then buy stock in a concrete firm.

  • 520@kbin.social
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    8 months ago

    If nobody knows whether it will pass besides the legislator, then yeah that’s totally insider trading. Which is already illegal.

    Correct. The problem is that it’s not enforced on senator’s as they don’t want to indict their fellow congressperson

    • FlowVoid@lemmy.world
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      8 months ago

      Sure, but if that’s true then banning it with another law won’t change anything.

      • 520@kbin.social
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        8 months ago

        Correct. It’s the enforcement of the law that needs to change.

        Specifically, enforcement needs to be automated, rather than relying on someone in the political game manually pulling the trigger. Because that someone at the moment has every politics reason not to, thus enforcement is the exception and not the norm