The Get-Rich Congress

Newsweek, November 21, 2011 | Go to article overview

The Get-Rich Congress


Every member of the House and Senate can trade stocks and make land deals while considering major bills.Our guide to eight who mixed business with governing.

Rep. Nancy Pelosi

When Visa went public in March 2008, then-Speaker of the House Pelosi and her husband bought some of their shares at the opening IPO price--access that would be virtually impossible for the average individual investor.

Sen. Max Baucus

Baucus played a central role in forging the health-care-reform bill. As he was negotiating with pharmaceutical companies and putting his imprint on the legislation, Baucus was also buying and selling health-care stocks.

Sen. John Kerry

John and Teresa Heinz Kerry made numerous trades in health-care stocks, buying almost $750,000 in Teva Pharmaceuticals in November 2009 alone, while Kerry actively pushed Obama-care as a member of the health-care subcommittee.

Rep. Jared Polis

Polis sat on two committees central to the crafting and language of Obama's health-care bill. At the same time, he invested millions of dollars in stocks and funds related to health care and pharmaceuticals. …

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