The NPR Politics Podcast

Do Lawmakers Have More Insight Into Stocks Than The Public? TikTok Users Think So.

Sep 23, 2021

Tim Mak, an NPR investigative correspondent, sheds light on the ethical turmoil within Congress regarding stock trading. He discusses how seven lawmakers are facing complaints for allegedly violating the Stock Act, with many claiming ignorance. The conversation dives into TikTok users leveraging congressional stock disclosures to guide their investments, revealing public distrust in lawmakers. Ultimately, the discussion raises questions about the integrity of lawmakers and the broader implications for everyday investors navigating this controversial landscape.

14:38

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Episode guests

Tim Mak

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Episode notes

Intro

2min

Ethics in Congress: Stock Trading Scandals

6min

Lack of Consequences for Lawmakers in Stock Disclosure Violations

2min

TikTok Investors Turn to Congressional Stock Disclosures

3min

The Intersection of Lawmakers and Stock Trading: Insight or Cynicism?

3min

Seven House lawmakers are facing ethics complaints for violating the Stock Act, which polices insider trading, because of a recent bipartisan trend of lawmakers ignoring disclosure requirements. They say it was an accident.

Plus, TikTok accounts are using public disclosures to tell followers when to buy and sell stock based on what congressmembers do. It's a clear sign of the distrust the public has in their officials.

This episode: White House correspondent Tamara Keith, congressional correspondent Deirdre Walsh, and investigative correspondent Tim Mak.

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