Most prolific stock traders in Senate so far in 2022 | Entertainment News
Although the United States is home to the two largest stock exchanges in the world, the New York Stock Exchange and the Nasdaq, not all Americans invest there. In fact, according to an April 2022 Gallup poll, only 58% of Americans own stocks. American stock owners tend to be older, wealthier and whiter than the average citizen, as is the US Congress, which is also less diverse than the electorate.
Given this, it is perhaps unsurprising that some US senators are investing in the stock market. Unlike the average citizen, however, senators are subject to scrutiny of their investments. The STOCK Act, which was signed into law by President Barack Obama in 2012, requires senators to disclose purchases, sales, or exchanges of any stock, bond, commodity futures, or other security over $1,000 in 30 days following the transaction.
Some members of Congress are pushing for even more transparency around Congressional investments: A bipartisan group of lawmakers has proposed several bills that would require members of Congress to place their assets in a blind trust run by a third party for their mandate, although the bills lack leadership. Support.
Examining the required Senate stock disclosure data can reveal some interesting insights into how each lawmaker navigates the stock market. Stacker looked at data for 2022 to see which lawmakers have been the most prolific traders so far in 2022. The transactions — which senators are required to report — were filed between January 2022 and June 16, 2022. The number total transactions includes the number of stocks, bonds and other securities bought and sold during this period, held by the legislator, his spouse or (in rare cases) his children.
Since the disclosure forms only offer a buy range and not an actual price, Stacker calculated the total range by adding the minimum and maximum ranges for each trade. In the event of a tie, the legislators’ exchange dollar range was used, where applicable. Of the 100 sitting US senators, 20 have reported transactions over $1,000 so far this year. Keep reading to learn more about their investments.
You might also like: The states that will be most affected if Roe v. Wade is canceled