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The Daily Show: Ears Edition

The Move to End Congressional Stock Trading

The Daily Show: Ears Edition

Comedy Central

News, Daily News, Comedy

4.214.2K Ratings

🗓️ 30 January 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

As a bipartisan bill to end congressional stock trading makes waves, Trevor looks at Congress members' uncanny ability to make bank on the stock market. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You're listening to Comedy Central.

0:02.7

Ow!

0:04.7

Let's talk about Congress.

0:06.7

It's the number one tourist destination for people trying to hang Mike Pence.

0:10.4

Now, you may not know this, but most members of Congress are forced to scrape by on a

0:15.2

measly $200,000 a year salary, which when you think about it is barely enough to afford

0:21.3

a good prostitute.

0:22.9

So naturally, they need to supplement their income by investing in the stock market.

0:27.6

It's a natural thing.

0:30.0

But if you can believe it, there's now a new movement in Congress to stop members from

0:35.9

trading stocks altogether.

0:38.0

It's rare these days for this divided Congress to agree on absolutely anything, but there

0:42.6

may be one issue.

0:44.6

It has the likes of Alexandria Ocasio-Cortez and Kevin McCarthy on the same side.

0:51.7

They're both among members of Congress pushing for new restrictions on how lawmakers trade

0:56.3

stocks.

0:57.3

Democratic Senator John Oswald just released a bill tonight that would force lawmakers

1:02.0

to put their assets into a blind trust or pay a fine of their entire salary.

1:07.6

GOP Senator Josh Hawley is working on a version two, and in the House, there's already a bipartisan

1:13.0

bill called the Trust in Congress Act.

1:15.3

This comes only a few weeks after House Speaker Nancy Pelosi doubled down on members

1:19.4

right to invest in the stock market.

...

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