According to the latest submitted transaction disclosure document, Alabama Senator Tommy Tuberville sold stocks of technology giant $Apple (AAPL.US)$ Apple and several other companies.

The document shows that Tuberville sold Apple products worth $15,001 to $0.05 million. The form also shows$Medtronic (MDT.US)$and$CVS Health (CVS.US)$ and $United Parcel Service (UPS.US)$ All trades are completed through a united account. The transaction amount for Medtronic and UPS ranges from $15,001 to $50,000, while the transaction amount for CVS ranges from $1,001 to $15,000.

This 69-year-old senator previously served as the head coach of the football teams at Auburn University, University of Mississippi, Texas Tech University, and University of Cincinnati. He also revealed information about selling Eaton Vance Floating-Rate Institutional Fund funds, valued between $0.05 million and $0.1 million.

He also disclosed that he purchased F-2 class shares of US Treasury Bond fund, valued between $0.05 million and $0.1 million.

The "Congressional Stock God" has caused public dissatisfaction.

In recent years, it has been widely known that members of the US Congress have been using their power and insider information to profit greatly in the stock market. According to statistics, between 2019 and 2021, at least 97 members of Congress and their relatives were involved in trading stocks, bonds, or other financial assets using insider information, accounting for about one-fifth of the total number of members of Congress.

One of the most well-known of them is Paul Pelosi, husband of former Speaker of the House Nancy Pelosi. According to media reports, Paul Pelosi made a profit in just 3 months.$NVIDIA (NVDA.US)$Stock investment profit of $1.25 million. In January 2021, Paul Pelosi just purchased stocks worth millions of dollars.$Tesla (TSLA.US)$Following that, the Biden administration announced subsidies to the electric vehicle industry. In March of that year, Paul Pelosi purchased stocks and the Microsoft stock price skyrocketed due to a $22 billion defense department order.$Microsoft (MSFT.US)$Since 2007, Paul Pelosi has only made investments and obtained a $22 billion defense department order, resulting in a significant increase in the stock price. $Meta Platforms (META.US)$Please use your Futubull account to access the feature.$Alphabet-C (GOOG.US)$ Five high-tech companies earned as much as $30.4 million in profits.

However, the Pelosi family's annual return rate in 2023 ranks only ninth on Capitol Hill. The top-ranking Democratic congressman, Brian Higgins, has an annual return rate as high as 238%.

Both parties in the United States have sharply criticized the chaos, and are working to push legislation to fully prohibit legislators from participating in stock investments. Previously, there were legislators who jointly proposed a stock trading ban in 2023, but the bill did not make progress. Republican Senator Josh Hawley criticized that as elected politicians, legislators should be regulators of business entities, but instead they have been mutually beneficial to Wall Street and industry giants for years, and this kind of behavior will ultimately "make the country pay the price".

In July of this year, a bipartisan group of US Senators announced a new bill to ban Members of Congress from trading stocks. If the bill becomes law, it will immediately prohibit Members of Congress from buying stocks and other investments, and require members to sell stocks within 90 days of the bill's enactment. If the bill becomes law, it will also prohibit the spouses and dependents of members of Congress from trading stocks starting from March 2027, and require members of Congress, the President, and Vice President to divest from all participating investments starting from the same year.

Editor/Somer