Few men have virtue to withstand the highest bidder.
This observation by George Washington remains relevant despite the passage of nearly 250 years. Human nature has not changed, and the news frequently highlights corruption involving politicians and insiders.
Instances of bribery, misuse of donor money for luxury goods, and insider trading are part of a familiar narrative. The performance of investment funds tracking congressional stock trades often surpasses the S&P 500, indicating significant issues.
There is a pressing need for accountability in Washington. Many politicians have ignored critical issues like the cost of living while amassing personal wealth. As Americans face challenges in affording basic needs, it is unacceptable that public officials benefit financially from their positions.
My commitment to breaking the deadlock in Washington, D.C., is grounded in delivering tangible results for California. During major tax reform, I successfully negotiated to increase the State and Local Tax (SALT) Deduction, ensuring families retain more income. I have also worked to reduce healthcare costs, lower taxes, and support small businesses.
To tackle corruption, I endorse several measures, including the Stop Insider Trading Act and the Restore Trust in Congress Act, which aim to halt individual stock trading by Congress members. I have also co-sponsored the Congressional Pension Accountability Act and the End Government Pensions for Sexual Abusers Act to revoke pensions for politicians who betray public trust.
Setting term limits for Congress members is crucial to prevent long-term entrenchment and misuse of power. While advancing the Stop Insider Trading Act is promising, further steps are necessary.
Recently, I proposed the Stop Congressional Self-Enrichment Resolution to prevent lawmakers from benefiting financially from federal projects. Current rules require members to declare direct financial conflicts of interest, yet indirect interests also matter. For instance, earmarking funds for projects that benefit personal holdings indirectly can increase wealth inappropriately.
This resolution seeks to establish a clear standard, aiming to eliminate any financial gain from taxpayer-funded earmarks. It addresses more than a simple loophole; it challenges a culture of self-enrichment and corruption counter to the vision of the Founding Fathers.
Our leaders must represent diverse voices, not exploit their roles for personal profit, thus betraying public trust. I will continue to combat corruption and ensure that Congress serves the best interests of the populace, aiming to reduce costs and prioritize public needs.
Congresswoman Young Kim represents California’s 40th District and chairs the House Foreign Affairs Subcommittee on East Asia and the Pacific. She is a member of the House Financial Services Committee and the Select Committee on the Chinese Communist Party. The views expressed are her own.
