Source: insidercat.com
- Benchmarks: All politicians: +161.8% / S&P 500: +74.2%
- A minimum of 184 Democrats and 91 Republicans support a ban on congressional stock trading.
- Lisa McClain, Michael McCaul, and Debbie Wasserman Schultz are not on the list as of today.
- The list includes Nancy Pelosi, Ro Khanna, Rob Bresnahan and Josh Gottheimer.
- Positions inferred from bill (co)sponsorship and discharge petition signatory data.
Do you think Congress will ban lawmakers from trading stocks until 2027?
by Due_Patient_2650
3 Comments
How we infer positions: We pulled related bills & discharge petitions from the 119th Congress and extracted sponsors, cosponsors and signatories.
How we estimate returns: First we estimate positions using the FIFO (first-in-first-out) method, then we calculate returns using [TWR (time-weighted return)](https://en.wikipedia.org/wiki/Time-weighted_return) formula, which is the industry standard to track the performance of money managers independent of cash flows.
Why use time-weighted returns: TWR focuses on the stock-picking ability rather than the cash flows. People like to copy institutions or people in positions of power, so we opted to use TWR to provide a measure that is more telling of a person’s stock-picking ability.
Tools: Python, Next.js
Data sources: House/Senate financial disclosures since 2022-May, Congress website
No, because congress is filled with corruption on both sides of the aisle. A stock trading ban will only happen at gunpoint
They’ll support the bill because it doesn’t actually cost them anything. They know it will never pass, so they can sign on and say they want to solve the problem while continuing to print returns.