Report on Congressional Stock Returns Raises Concerns About Insider Trading in Washington

The average U.S. legislator beat the S&P 500 index by a wide margin in 2022, with two House representatives earning more than 50 percent for the year, a report revealed. Members of Congress have done quite well in the stock market over a period during which most major equity indexes yielded negative returns.
A new report by stock market-tracking website Unusual Whales—which aggregates publicly disclosed investments by U.S. officials and tracks their portfolio performances—has raised concerns about insider trading on both sides of the aisle. Congressional trades are made public by the Stop Trading on Congressional Knowledge Act of 2012, which requires that members of Congress publicly disclose investments within 45 days of the transaction….}