Peter Schweizer talks Insider Trading in Congress
GAI President talks about a new story documenting how Congressional staffers are trading on insider knowledge.
USA Today on STOCK Act: “Congress backpedals on ethics”
“… The latest example is the Stop Trading on Congressional Knowledge (STOCK) Act, which explicitly bars lawmakers and staffers from spreading or trading on inside information. The law passed in 2012 only after CBS’ 60 Minutes aired a scathing report, based on a book by Peter Schweizer, exposing the way members of Congress profit from their…
Rising status in Congress comes with big dues for Utah’s Chris Stewart
“Linking campaign activities to committee assignments is unseemly, says Peter Schweizer, president of the conservative Government Accountability Institute and the author of “Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets.” “We want to believe that committee assignments are based on knowledge, expertise, and background,” writes Schweizer. “Raising money is what…
The Detroit News: “How Congress Robs America Blind”
“Peter Schweitzer is at it again. The Hoover Institution Fellow from Stanford University, who two years ago exposed the ability of Congress to engage in insider stock trading without penalty, now asserts that our elected representatives are lining their own pockets with campaign funds generated through contributions that are extorted from their donors….” To Read…
The Seattle Times: “Hey, Congress, Shutdown Leadership PACs”
“If voter anger and frustration with Congress are waning after the mindless closure of the federal government, and flirtation with a massive credit debacle, a “60 Minutes” report will renew the head-shaking disgust.” To Read the Full Article, Click Here.
The Blaze: “The Way Members of Congress Subsidize Their Lifestyles with political Contributions”
“… Most people believe political contributions cannot be used for personal expenses, CBS News’ Steve Kroft said. And while this is mostly true, said Peter Schweizer, author and research fellow at Stanford University’s Hoover Institution, there are ways for politicians to skirt the rules…” To Read the Full Article, Click Here.
Exclusive Documents: Congress Charges Secret Fee to Land Top Committee Spots
“Members of Congress must pay secret fees known as “party dues” to the Democratic and Republican parties to secure and maintain top committee chairmanships and assignments, newly uncovered internal documents reveal. The never-before-published lists are reprinted inside the new book Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets, written by Government Accountability Institute President…
Wall Street Journal: How Congress Puts Itself Above The Law
“Insider trading (the buying and selling of stocks based on insider information not available to the general public) has been a violation of federal securities laws for almost 80 years. Yet it was never illegal for members of Congress. Not, that is, until a November 2011 report by CBS’s “60 Minutes” shamed Congress into changing…