Insider Trading Laws -- Should Research Paper

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The rules as they are presently enforced only require elected Members and "…about 2,900 of the highest-paid congressional aides to disclose information once a year on their finances" (including gains from trading stocks), Mullins and colleagues point out. What is wrong with that fact is that all aides, not just top aides, should be held accountable for investments they make, in particular those investments made by companies that are in any way connected to legislation that the aides' bosses are working with.

Taking it one step farther, all Members of Congress and all their aides -- top legislative assistants and the underlings of those top echelon staffers -- should be not only be required to disclose their personal finances, but they all should be banned from using any insider information in order to profit. When they get back into private life, there still could be restrictions on what investments they make. There are rules pertaining to members of the executive branch regarding lobbying after being out of government, and those should also apply to Congress and its employees.

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On the other hand, an argument could be made that creating too many rules "…could insulate a legislator from the personal and economic interests that his or her constituency, or society in general, has in governmental decisions and policy," Mullin explains. This argument is weak, though, because it could potentially open the door to improper behavior, given that it can be interpreted more than one cay. In my opinion it is time to pass STOCK, and even though "…Only nine lawmakers support it," according to the Journal, people in the country are angry, many are out of work, many have lost their homes, and Congress should do the responsible thing and show they are not greedy.

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