Congress Isn’t Supposed to Be Above the Law: Stephen L. Carter
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Dec. 8 (Bloomberg) -- The recent publicity surrounding thevery old news that members of Congress aren’t prohibited fromtrading stock using nonpublic information has the House andSenate running for cover. Hastily drafted bills are picking upco-sponsors on both sides of the aisle.
Yet it is something of a wonder that there is so muchpublic excitement at the discovery that regulations that applyto lots of other people turn out to be largely irrelevant tothose who serve in Congress. This isn’t an exception tocongressional practice. It is, far too often, business as usual.