Summary
Both House and Senate ethics rules bar lawmakers from "improperly using their official positions for personal gain." The rules also require members to disclose their financial interests, and those of their spouses and dependent children. But a substantial share of members of both houses trade enthusiastically, buying and selling stocks in industries they oversee, raising questions about whether they have an unfair advantage over the average investor. Kaplan elaborates.
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Trust Busters
IN JUNE, Rep. Judy Biggert (R-Ill.) introduced legislation designating September as Life Insurance Awareness Month. "Losing a family member is painful enough without encountering new financial difficulties," Biggert said, adding that she hoped her congressional decree would "draw attention to t...
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