Rep. Alexandria Ocasio-Cortez has described the fact that members of Congress are permitted to buy and sell stocks as "absolutely wild.".
Rand's disclosure of the purchase on Wednesday came 16 months after the 45-day reporting deadline required by the STOCK Act.
It is absolutely wild that members of Congress are still allowed to buy and sell individual stock.
We’ve introduced legislation to end the practice, but as one can imagine it’s a very uphill battle to pass.
Walter Shaub, a former director of the U.S. Office of Government Ethics, tweeted: "Members of Congress shouldn't be allowed to buy and sell stocks.".
Ocasio-Cortez shared Shaub's tweet, adding: "It is absolutely wild that members of Congress are still allowed to buy and sell individual stock.
The move came after allegations that several senators had sold stocks based on information received in closed-door briefings about COVID-19, prompting investigations. »