More than 100 members of Congress have made over 10,000 stock trades each year since at least 2021 — and they tend to beat the market.
How do they do it? The stocks that representatives and senators trade the most are household names: Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), and Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL).
Others made timely trades involving companies and sectors related to legislation they work on and sit on committees that oversee those companies and sectors, raising questions about conflicts of interest and insider trading.
For example, Nvidia (NASDAQ:NVDA) was traded or held by members, including former House Speaker Nancy Pelosi (D-CA), while the CHIPS and Science Act was being negotiated and voted on. Other members made opportunely timed trades in early 2023 involving banks under distress and their rescuers. Sen. Tommy Tuberville (R-AL) traded corn futures while serving on the Agriculture Committee.
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