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The Boston Globe


Andrew Eggers and Jens Hainmueller

Do members of Congress use insider information?

THE PAST few weeks have witnessed an uproar over investing practices in Congress following the publication of a new book that alleges members of Congress enrich themselves by engaging in a kind of insider trading that would be illegal for the rest of us. The allegations, by Peter Schweizer in “Throw Them All Out,’’ have struck a nerve with citizens who are upset that Washington insiders may have personally profited from the kind of financial shenanigans that they collectively failed to police.

In response, Senator Scott Brown of Massachusetts has sponsored legislation to restrict political "insider trading," and similar legislation has attracted dozens of new co-sponsors in the House. We think the proposed restrictions are appropriate, just as it is important to ask members of Congress to explain their investment decisions.

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