Kansas Rep. Sharice Davids Demands Insider Trading Reform

One of the most powerful local progressive leaders hopes to strike a populist tone with her latest idea for stock market regulation.

Here's the word .  . .

Davids, the 3rd District Democrat seeking re-election in 2022, said members of the U.S. House and U.S. Senate were in positions of public trust and should be held to high standards due to their extraordinary access to information not available to some outside government. She said the TRUST in Congress Act would provide necessary barriers to potentially corrupt application of insider information.

“Particularly during COVID, we’ve seen elected officials appear to misuse that privilege for personal gain on the stock market, which is absolutely unacceptable,” she said. “I’m in Congress to make government work for Kansans, and part of that is rebuilding trust. To that end, I support introducing new guardrails that further reduce the likelihood of misconduct by our elected officials.”

Davids, who took office in 2019, said she hadn’t made any individual stock trades during her tenure in Congress.

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U.S. Rep. Davids backs legislation to avoid insider trading by members of Congress - Kansas Reflector

TOPEKA - U.S. Rep. Sharice Davids of Kansas endorsed bipartisan government transparency legislation Tuesday that would reduce opportunities for insider trading by members of Congress by requiring certain assets to be placed in a blind trust. Davids, the 3rd District Democrat seeking re-election in 2022, said members of the U.S.