Congressional Leaders See Far Higher Stock Returns Than Peers

Over 100 members of Congress have cosigned the Restore Trust in Congress Act, which would prohibit members of Congress and their immediate families from buying and selling individual stocks. Despite broad bipartisan support, congressional leadership has not yet allowed the bill to be brought to the floor.
A new working paper in the National Bureau of Economic Research indicates that stock-related gains are most concentrated among congressional leaders rather than rank-and-file lawmakers. The authors find that lawmakers who eventually rise to leadership roles perform roughly in line with…
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