Tuesday, September 15, 2020

Study suggests financial holdings influenced key votes for house lawmakers


It would be surprising if this weren't the case.

https://www.eurekalert.org/pub_releases/2020-09/ncsu-ssf091520.php

News Release 15-Sep-2020
North Carolina State University

A recent study found strong associations between the financial holdings of legislators in the U.S. House of Representatives and how those lawmakers voted on key financial legislation. The study suggests that many lawmakers voted in ways that benefited their personal finances, regardless of whether those votes were consistent with their espoused politics.

"Broadly speaking, we found that House members who owned stocks in firms that would benefit from financial deregulation voted for financial deregulation," says study co-author Jordan Carr Peterson, an assistant professor of political science at North Carolina State University. "And House members who had invested in financial and automotive stocks supported legislation aimed at bailing out the financial and auto sectors.

"Honestly, we were surprised that nobody had done this analysis before, given that all this data was publicly available," Peterson says. "It required a fair amount of tedious work, which may explain it."


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