A level playing fieldInsider trading is the devious act of taking advantage of information not yet known to the public and converting that knowledge into profitable stock transactions. It is inherently unfair to honest investors, which is why federal laws prohibit corporate executives and other key employees from engaging in that practice. Regulators and others in the federal governmentÕs executive branch are also banned from insider trading based on their access to information not yet made public. President George H.W. Bush Noun 1. George H.W. Bush - vice president under Reagan and 41st President of the United States (born in 1924) George Herbert Walker Bush, President Bush, George Bush, Bush made that point clear in 1989 when he signed an executive order stating that no federal employees could engage in financial transactions using nonpublic government information. What is stunning is that such a prohibition doesnÕt extend to members of Congress. That loophole was underscored Monday by Democratic Reps. Brian Baird Brian Norton Baird (born March 7 1956) is an American politician. Brian Baird has been a Democratic member of the United States House of Representatives since 1999, representing Washington's At-large congressional district. of Washington and Louise Slaughter of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , who announced at a congressional subcommittee hearing that they were introducing legislation to impose insider trading regulations on lawmakers and their staffs. ÒMembers of Congress and their staffs should not be above the law when it comes to profiting from sensitive information,Ó Baird said. ÒThe American people An American people may be:
v. fat·tened, fat·ten·ing, fat·tens v.tr. 1. To make plump or fat. 2. To fertilize (land). 3. their stock portfolios.Ó Testifying before a House Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. subcommittee, Baird cited hypothetical examples of how members of Congress could profit from stock trades based on committee reports or legislative amendments not yet made public. Baird provided no specific evidence of insider trading within the halls of the Capitol. But a 2004 study by Alan Ziobrowski, an associate professor at Georgia State University History Georgia State University was founded in 1913 as the Georgia School of Technology's "School of Commerce." The school focused on what was called "the new science of business. who specializes in congressional ethics, found that senatorsÕ stock portfolios outperformed the market by nearly 1 percent per month. Given the increasing role of Congress in the oversight of financial institutions, the timing is right for insider trading laws that extend to lawmakers themselves. There is no reason why they shouldnÕt abide by the same ethical trading standards and laws that apply to corporate officers and federal employees. 
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