The House of Representatives has voted to pass a new set of rules that will severely weaken the ability of the Office of Congressional Ethics to investigate members of Congress for potential wrongdoing, including stock trading.
"The proposed rules package severely curtails the ability of OCE to do the job it exists to do," numerous goernmental groups wrote.
The Office of Congressional Ethics investigates midsconduct, and makes referrals to the House Ethics Committee.
The new rules removes three of the four Democratic board members, and prevents hiring new staff after one month.
"I don't understand how anyone interprets the results of the midterms to say we need less ethics standards," said Democratic Rep. Ro Khanna of California. "I have a lot of respect for the Office of Congressional Ethics. I think they've operated in a way that is fair, bipartisan, fact-based, and they there's no justification for doing this."
Numerous politicians have been investigated for stock trading in the past, initially suggested by the Office of Congressional Ethics.
Check a full list of who beat the market in 2022: https://unusualwhales.com/politics/article/congress-trading-report-2022
The House of Representatives has voted to pass a new set of rules that will severely weaken the ability of the Office of Congressional Ethics to investigate members of Congress for potential wrongdoing, including stock trading
1/10/2023
