Gov. DeSantis & Rep. Luna on Ending Congressional Insider Trading and Term Limits

Addressing Congressional Dysfunction

• 🏛️ Governor DeSantis highlights that the US Congress is a broken institution with significant problems in its operation, eroding the founding fathers' vision.
• 💰 He emphasizes that Congress has failed to wield its power of the purse, ceding authority to the bureaucracy through continuing resolutions instead of legislating funding.
• 📜 The founding fathers intended legislatures to be powerful due to controlling the purse, but Congress has delegated law-making authority to unaccountable bureaucrats.

Proposed Reforms for Congress

• ⏳ DeSantis is leading a national effort for states to certify a constitutional amendment for term limits for members of Congress, with 12 states already on board.
• ⚖️ He advocates for a balanced budget requirement for Congress, similar to Florida's, noting that 28 states are needed and 34 are required to trigger it.
• 📜 A proposed 28th Amendment would ensure that any law Congress passes also applies to members of Congress themselves.

Combating Insider Trading

• 📈 Rep. Anna Paulina Luna is leading the charge to stop insider trading by members of Congress, noting that many elected officials show no prior investment acumen but become highly successful traders.
• 💰 Examples like Nancy Pelosi's portfolio are cited, showing returns that outperform market averages, suggesting access to non-public information.
• 🚫 Luna's bill aims to permanently stop insider trading in Washington D.C. and is described as the most bipartisan bill in Congress.
• ✅ DeSantis proposes a state-level initiative with a checkbox for federal candidates: