Congress Members Dump Bank Shares Amidst Banking Crisis Fears

At least eight members of Congress or their close relatives sold shares of bank stocks in March, according to an analysis by Capitol Trades. Although broadly legal, stock trading by members of Congress has become a flashpoint because lawmakers are sometimes privy to closely held information about the companies and industries they oversee. Efforts to pass legislation to place limits on trading by members of Congress or to ban it have stalled in recent years.