Sunday, June 24, 2012
Washington Post Shows Lawmakers' Stock Trades Often Coincide With Legislation
According to a Washington Post investigation relying on data from OpenSecrets.org, 130 members of Congress or their families traded hundreds of millions of dollars in stock in companies lobbying on legislation that came before their committees.
The lawmakers -- about evenly split between Democrats and Republicans -- bought and sold stock totaling between $85 million and $218 million in 323 companies registered to lobby on bills that were passing through committee or were still pending before the full Congress, the Post found. The trades occurred between 2007 and 2010.