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lawmakers outperform stock market amid ongoing trading ban debates
Dozens of lawmakers outperformed the stock market in 2024, with Democratic lawmakers gaining 31% and Republicans 26%, compared to the S&P 500's 24.9% rise. Notably, Rep. David Rouzer's portfolio surged 149%, while Speaker Emerita Nancy Pelosi's husband's stocks rose nearly 71%. Despite existing regulations, concerns about conflicts of interest and the lack of enforcement persist, as no member has faced charges under the STOCK Act. President Biden recently called for a ban on congressional stock trading, emphasizing the ethical implications of lawmakers profiting from their positions.
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