What it does is it prevents members from profiting of insider information using key three key steps. One, Members of Congress, after being elected, won't be allowed to buy new individual shares of stock. An individual that comes in with shares in their portfolio, they may hold them, they may sell them, but if they sell them, they're required to provide 7 days advanced notice that prevents them from being able to profit off of insider information. (00:46–00:52)
CLAIM
Asserts that the legislation prevents newly elected members of Congress from buying new individual shares of stock.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
