The U.S. Congress has become a rich place for many congressmen

Buying stocks of different companies before the government introduced relevant policies and making a lot of money. According to the New York Post, since 2007, the Pelosi family has made between $5.6 million and $30.4 million by investing in five major technology companies including Facebook alone. Pelosi's fortune has grown from $41 million in 2004 to nearly $115 million now, according to Open Secret, a Washington nonprofit that tracks campaign finance and lobbying data.
The Pelosi family is just one of the investors on Capitol Hill with "incredible" luck. Not only are U.S. congressmen and their spouses heavily invested in stocks, but their returns on their investments are significantly higher than average, according to MarketWatch.
Members of Congress and their relatives traded as much as $355 million in stock last year, including buying $180 million and selling $175 million. Among them, Republican lawmakers involved about $201 million in stock transactions and Democrats about $154 million. There were 41 U.S. congressmen who traded more than $500,000 in stocks last year. Among them, Texas Rep. McCall, a Republican, and California Rep. Connor, a Democrat, are known as the two "stock traders" on Capitol Hill. . McCall is said to be buying about $31 million and selling about $35 million in 2021. Connor bought about $34 million and sold about $19 million.
Congress has become a place for many congressmen to get rich. The New York Post takes New Jersey federal congressman and Democrat Gottheimer as an example to describe congressmen's "wind and cloud operations" in the stock market. Gottheimer is one of the most active "stock traders" on Capitol Hill, with 134 trades in the first quarter of 2021 alone. Like Pelosi, he has a preference for tech stocks. After years of trading small stocks, Gottheimer last year turned to riskier options trades worth up to $1 million each. Gottheimer bought 64.5 million options and sold 62.18 million shares last year, according to public information gathered by the website "Extraordinary Whales", which tracks politicians' stock market investments. The site estimates Gottheimer's ROI at 12.7%.
The alleged insider trading by U.S. congressmen not only made the public feel unfair, but also made them worry that related conflicts of interest might affect U.S. policy. Business Insider's recent review of nearly 9,000 lawmakers' financial disclosure reports and interviews with hundreds of people found that many U.S. lawmakers have business at heart.