Political Quotes

On the recordMay 14, 2025
as we get ready to close here tonight, I thank my colleagues once again for their leadership on this issue and their courage because, as was said earlier, the opponents of this stock trading ban don't speak out publicly, but they are here, and they are watching and listening, and they are probably not very happy with us tonight. It takes people of courage to be willing to stand up and say: We here in Congress have to change. We have to change the way Congress works so that we work for the American people and not for ourselves. We need to end this corruption. We need to end this insider dealing. We need to end congressional stock trading. What you have seen tonight is that this is a bipartisan issue. We have had people speak tonight from across the political spectrum who had the courage to stand up for what is right and to stand up for what the American people not only want but are demanding of us. Make no mistake, this insider trading is happening. It is happening. I have the statistics right here. In 2024, the average Member of Congress outperformed the market by nearly 3 percent. Now, I used to work in the investment business, and let me tell you, there are paid professionals who do not have that kind of outperformance. The year before that, the average Member of Congress also outperformed the market, and the year before that, and the year before that. The last 4 years in a row, Members of Congress who traded stocks outperformed the market.
Said by
Seth Magaziner
Democratic · Rhode Island

Editor's note · Context

Addressing the need for a ban on congressional stock trading and highlighting its bipartisan support.

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