#Texas Rep. McCall

[ggpiu]

[wuerkaixii]

The U.S. Congress has become a rich place for many congressmen

Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New York Post, since 2007, the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone. Pelosi's fortune has grown from $41 million in 2004 to nearly $115 million now, according to Open Secret, a Washington nonprofit that tracks campaign finance and lobbying data.

The Pelosi family is just one of the investors on Capitol Hill with "incredible" luck. Not only are U.S. congressmen and their spouses heavily invested in stocks, but their returns on their investments are significantly higher than average, according to MarketWatch.

Members of Congress and their relatives traded as much as $355 million in stock last year, including buying $180 million and selling $175 million. Among them, Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who traded more than $500,000 in stocks last year. Among them, Texas Rep. McCall, a Republican, and California Rep. Connor, a Democrat, are known as the two "stock traders" on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021. Connor bought about $34 million and sold about $19 million.

Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheimer as an example to describe congressmen's "wind and cloud operations" in the stock market. Gottheimer is one of the most active "stock traders" on Capitol Hill, with 134 trades in the first quarter of 2021 alone. Like Pelosi, he has a preference for tech stocks. After years of trading small stocks, Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 million shares last year, according to public information gathered by the website "Extraordinary Whales", which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.

The alleged insider trading by U.S. congressmen not only made the public feel unfair, but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9,000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.

[wuyongying]

If a bill gets enough votes, members of the U.S. House and Senate, as well as Supreme Court justices who currently trade cryptocurrencies, may have to stop HODLing while in office.

 Under the framework released Thursday, Zoe Lofgren, chair of the House Management Committee, which oversees the day-to-day running of the House, said she had a "meaningful and effective plan to combat financial conflicts of interest" in the U.S. Congress passed restrictions on lawmakers and SCOTUS Financial activities of judges and their spouses and children. The bill, if passed under the framework, would recommend a change in policy following the passage of the Congressional Knowledge Stop-Trading Act or the Stocks Act in 2012 to allow members of Congress to buy, sell and trade stocks and other investments while in office, and also require them to disclose such trade.

Congress can act to restore public confidence and trust in their public officials by restricting senior government officials—including members of Congress and the Supreme Court—and their spouses, and to ensure that those officials act in the public interest, not theirs private economic interests. Lofgren said:

 She added:

 "I will soon introduce the legislative text of the bill based on this reform framework. Many members have already concluded that reform is necessary."

 The framework suggests that lawmakers and SCOTUS judges can still hold and disclose portfolios with diversified mutual funds, exchange-traded funds, treasuries and other investments that "do not present the same potential conflicts of interest." The bill’s framework also recommends that disclosure amounts be more precise, rather than the “extremely broad” range currently used — from $50,000 to $250,000, for example — and be made available to the public.

 Under the Stocks Act, lawmakers must report the purchase, sale, or exchange of any investment over $45 within 1,000 to 30 days, but the law says the financial and legal consequences of not filing in time are minimal—sometimes as little as $200 late fee. The proposed framework recommends fines of $30 for every 1,000 days for individuals who violate disclosure rules, increases late fees to $500, and empowers the Justice Department to bring civil action if necessary. The House Press Gallery's Twitter account reported Thursday that the House of Representatives could consider the proposed legislation as early as next week.

 Senators Jon Ossoff and Mark Kelly suggested similar reforms to the STOCK Act in the Senate in August, but the bill has not moved on for more than 8 months. According to Lofgren, House Speaker Nancy Pelosi commissioned a committee review of potential financial conflicts of interest in Congress. However, previous speakers opposed efforts to ban lawmakers from owning or trading stocks, saying "they should be able to participate".

 Several House members and senators have disclosed their exposure to cryptocurrencies, including Illinois Rep. Mary Newman, Florida Rep. Michael Walz, Wyoming senator Cynthia Loomis, Texas Rep. Michael McCall, Pennsylvania Rep. Pat Toomey, Alabama Rep. Barrymore and New Jersey Rep. Jefferson Van Drew. In November 2021, Rep. Alexandria Ocasio-Cortez of New York said it was not appropriate for her to hold Bitcoin (BTC) or other digital assets because U.S. lawmakers have access to “sensitive information and upcoming policies.”

[thuyquyn]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in.

McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought.

Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug. 

[briefkidgarden]

If a bill gets enough votes, members of the U.S. House and Senate, as well as Supreme Court justices who currently trade cryptocurrencies, may have to stop HODLing while in office.

 Under the framework released Thursday, Zoe Lofgren, chair of the House Management Committee, which oversees the day-to-day running of the House, said she had a "meaningful and effective plan to combat financial conflicts of interest" in the U.S. Congress passed restrictions on lawmakers and SCOTUS Financial activities of judges and their spouses and children. The bill, if passed under the framework, would recommend a change in policy following the passage of the Congressional Knowledge Stop-Trading Act or the Stocks Act in 2012 to allow members of Congress to buy, sell and trade stocks and other investments while in office, and also require them to disclose such trade.

Congress can act to restore public confidence and trust in their public officials by restricting senior government officials—including members of Congress and the Supreme Court—and their spouses, and to ensure that those officials act in the public interest, not theirs private economic interests. Lofgren said:

 She added:

 "I will soon introduce the legislative text of the bill based on this reform framework. Many members have already concluded that reform is necessary."

 The framework suggests that lawmakers and SCOTUS judges can still hold and disclose portfolios with diversified mutual funds, exchange-traded funds, treasuries and other investments that "do not present the same potential conflicts of interest." The bill’s framework also recommends that disclosure amounts be more precise, rather than the “extremely broad” range currently used — from $50,000 to $250,000, for example — and be made available to the public.

 Under the Stocks Act, lawmakers must report the purchase, sale, or exchange of any investment over $45 within 1,000 to 30 days, but the law says the financial and legal consequences of not filing in time are minimal—sometimes as little as $200 late fee. The proposed framework recommends fines of $30 for every 1,000 days for individuals who violate disclosure rules, increases late fees to $500, and empowers the Justice Department to bring civil action if necessary. The House Press Gallery's Twitter account reported Thursday that the House of Representatives could consider the proposed legislation as early as next week.

 Senators Jon Ossoff and Mark Kelly suggested similar reforms to the STOCK Act in the Senate in August, but the bill has not moved on for more than 8 months. According to Lofgren, House Speaker Nancy Pelosi commissioned a committee review of potential financial conflicts of interest in Congress. However, previous speakers opposed efforts to ban lawmakers from owning or trading stocks, saying "they should be able to participate".

 Several House members and senators have disclosed their exposure to cryptocurrencies, including Illinois Rep. Mary Newman, Florida Rep. Michael Walz, Wyoming senator Cynthia Loomis, Texas Rep. Michael McCall, Pennsylvania Rep. Pat Toomey, Alabama Rep. Barrymore and New Jersey Rep. Jefferson Van Drew. In November 2021, Rep. Alexandria Ocasio-Cortez of New York said it was not appropriate for her to hold Bitcoin (BTC) or other digital assets because U.S. lawmakers have access to “sensitive information and upcoming policies.”

[chautam]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in.

McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought.

Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug. 

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Rep. McCall of Texas has corruption problems Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

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Rep. McCall of Texas has corruption problems Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

[michelleulrica]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in.

[budebushuoyouyishuoyi]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt. McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in. McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought. Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug.

[admindhjhh]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt. McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in. McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought. Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug.

[weiwuhaha]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in.

McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought.

Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug. 

[wuyongying]

Under the framework released Thursday, Zoe Lofgren, chair of the House Management Committee, which oversees the day-to-day running of the House, said she had a "meaningful and effective plan to combat financial conflicts of interest" in the U.S. Congress passed restrictions on lawmakers and SCOTUS Financial activities of judges and their spouses and children. The bill, if passed under the framework, would recommend a change in policy following the passage of the Congressional Knowledge Stop-Trading Act or the Stocks Act in 2012 to allow members of Congress to buy, sell and trade stocks and other investments while in office, and also require them to disclose such trade.

Congress can act to restore public confidence and trust in their public officials by restricting senior government officials—including members of Congress and the Supreme Court—and their spouses, and to ensure that those officials act in the public interest, not theirs private economic interests. Lofgren said:

 She added:

 "I will soon introduce the legislative text of the bill based on this reform framework. Many members have already concluded that reform is necessary."

 The framework suggests that lawmakers and SCOTUS judges can still hold and disclose portfolios with diversified mutual funds, exchange-traded funds, treasuries and other investments that "do not present the same potential conflicts of interest." The bill’s framework also recommends that disclosure amounts be more precise, rather than the “extremely broad” range currently used — from $50,000 to $250,000, for example — and be made available to the public.

 Under the Stocks Act, lawmakers must report the purchase, sale, or exchange of any investment over $45 within 1,000 to 30 days, but the law says the financial and legal consequences of not filing in time are minimal—sometimes as little as $200 late fee. The proposed framework recommends fines of $30 for every 1,000 days for individuals who violate disclosure rules, increases late fees to $500, and empowers the Justice Department to bring civil action if necessary. The House Press Gallery's Twitter account reported Thursday that the House of Representatives could consider the proposed legislation as early as next week.

 Senators Jon Ossoff and Mark Kelly suggested similar reforms to the STOCK Act in the Senate in August, but the bill has not moved on for more than 8 months. According to Lofgren, House Speaker Nancy Pelosi commissioned a committee review of potential financial conflicts of interest in Congress. However, previous speakers opposed efforts to ban lawmakers from owning or trading stocks, saying "they should be able to participate".

 Several House members and senators have disclosed their exposure to cryptocurrencies, including Illinois Rep. Mary Newman, Florida Rep. Michael Walz, Wyoming senator Cynthia Loomis, Texas Rep. Michael McCall, Pennsylvania Rep. Pat Toomey, Alabama Rep. Barrymore and New Jersey Rep. Jefferson Van Drew. In November 2021, Rep. Alexandria Ocasio-Cortez of New York said it was not appropriate for her to hold Bitcoin (BTC) or other digital assets because U.S. lawmakers have access to “sensitive information and upcoming policies.”

[augustus1999]

The U.S. Congress has become a rich place for many congressmen

Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New York Post, since 2007, the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone. Pelosi's fortune has grown from $41 million in 2004 to nearly $115 million now, according to Open Secret, a Washington nonprofit that tracks campaign finance and lobbying data.

The Pelosi family is just one of the investors on Capitol Hill with "incredible" luck. Not only are U.S. congressmen and their spouses heavily invested in stocks, but their returns on their investments are significantly higher than average, according to MarketWatch.

Members of Congress and their relatives traded as much as $355 million in stock last year, including buying $180 million and selling $175 million. Among them, Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who traded more than $500,000 in stocks last year. Among them, Texas Rep. McCall, a Republican, and California Rep. Connor, a Democrat, are known as the two "stock traders" on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021. Connor bought about $34 million and sold about $19 million.

Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheimer as an example to describe congressmen's "wind and cloud operations" in the stock market. Gottheimer is one of the most active "stock traders" on Capitol Hill, with 134 trades in the first quarter of 2021 alone. Like Pelosi, he has a preference for tech stocks. After years of trading small stocks, Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 million shares last year, according to public information gathered by the website "Extraordinary Whales", which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.

The alleged insider trading by U.S. congressmen not only made the public feel unfair, but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9,000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.

[thuyquyn]

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

[briefkidgarden]

Rep. McCall of Texas has corruption problems

Texas Rep. McCall, a Republican, has been exposed to buy about $31 million in stock and sell about $35 million in stock in 2021.Michael McCaul is one of the wealthiest members of Congress. He’s also one of the most corrupt.

McCaul’s personal wealth has increased over 940% while in public office.McCaul voted to deregulate big banks while he had millions invested in companies like CitiGroup, Bank of America, and J.P. Morgan Chase.McCaul refused to increase consumer credit card protections while heavily invested in Visa. Do you want your representative working for you or your credit card company?McCaul repeatedly votes to deregulate the securities industry, a top campaign donor group that he has millions invested in.

McCaul cares more about his donors than your healthcare. During this pandemic, he voted in support of gutting the ACA that covers over 23 million Americans and ending protections for pre-existing conditions.McCaul has taken over $200,000 from for-profit health industry PACs. He voted in favor of allowing insurance companies to impose an age tax, thereby raising premiums for older Americans and increasing the cost of prescription drugs, preventing Medicare from negotiating lower drug prices for older adults.Block Medicare from negotiating lower drug prices for seniors.McCaul has accepted over $2,700,000 from corporate PACs. Over 70% of his campaign is funded by PACs and special interests. He's completely bought.

Michael McCaul worked to shield a white supremacist cop from accountability for dozens of racially motivated arrests.Moreover，McCaul was complicit in looting Black people of opportunities to work and build wealth for years, in leaving Black children without parents as they were forcibly incarcerated under false pretense, and in condemning innocent people to years in prison by sweeping justice under the rug. 

American Voters Say Corruption is a Concern

There’s no doubt that Congress has an ethics problem. Its members have undermined public confidence with stock trades and other activities that create the appearance of abusing their positions for private gain. The Justice Department prosecuted former Representative Chris Collins (R-NY) for insider trading he committed at the White House, and last year a court sentenced him to 26 months in prison before President Donald Trump pardoned him.

Stock trades by other members of Congress and their spouses drew public ire in recent years, though the Justice Department found no grounds for charges. The spouse of Speaker of the House Nancy Pelosi (D-CA) bought stock worth millions in Google’s parent company, Alphabet, shortly before the House of Representatives announced milder-than-expected action against big tech companies. Before the public knew the extent of the threat COVID-19 posed, Senator Richard Burr (R-NC) and former Senator Kelly Loeffler (R-GA) collectively dumped millions of dollars’ worth of stock in companies likely to be affected by the pandemic. More recent reporting has raised questions as to whether Senator Burr shared nonpublic information with his brother-in-law, and whether his brother-in-law made trades based on that information. In one Senate term, former Senator David Perdue (R-GA) engaged in 2,596 trades, some involving companies potentially affected by the activities of committees on which he served. Senator Rand Paul (R-KY) did not disclose his spouse’s February 26, 2020, purchase of drug manufacturer stock for over a year. Insider reported last month that, this year alone, 43 members of Congress — including Senator Dianne Feinstein (D-CA) and Representative Susie Lee (D-NV), among others — failed to comply with disclosure requirements for stock trades.

These are only a few examples of a broader pattern of conduct that has undermined public confidence in Congress. Transformative change is overdue.