I originally thought it strange that the Senate’s STOCK act contained no provisions for lawmakers’ capital (real property) investments. This Washington Post article solved the mystery; it names the tax thieves and maps their holdings.
Congress is supposed to monitor and control itself on this issue – which is like hiring the fox to take the census in the hen house.
Get a rope – several ropes.
Congressional earmarks sometimes used to fund projects near lawmakers properties
Thirty-three members of Congress have directed more than $300 million in earmarks and other spending provisions to dozens of public projects that are next to or within about two miles of the lawmakers’ own property, according to a Washington Post investigation.
Dump STOCK, go with RESTRICT Act to clean up DC
The STOCK Act would do little to address the problem of insider trading on Capitol Hill, says Hoover Institute fellow Peter Schweizer.
“My biggest concern is enforcement,” Schweizer told The Daily Caller.
He cited the example of former Louisiana Democratic Rep. William Jefferson, who famously stored $90,000 in cash bribes in his freezer.
An observation of Hawaii’s early missionaries also true for many of our federal lawmakers: They came to do good, and they did very well.