https://firstlook.org/theintercept/2015/05/07/congress-argues-cant-investigated-insider-trading/
In a little-noticed brief
filed last summer, lawyers for the House of Representatives
claimed that an SEC investigation of congressional insider trading
should be blocked on principle, because lawmakers and their staff are
constitutionally protected from such inquiries given the nature of their
work.
The legal team led by Kerry W. Kircher, who was appointed House
General Counsel by Speaker John Boehner in 2011, claimed that
the insider trading probe violated the separation of powers between the
legislative and executive branch.
In 2012, members of Congress patted themselves on the back for
passing the STOCK Act, a bill meant to curb insider trading for
lawmakers and their staff. “We all know that Washington is broken and
today members of both parties took a big step forward to fix it,” said Rep. Bill Johnson, R-Ohio, upon passage of the law.
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