At this point, it's no secret that our U.S. legislators have been getting rich using information they are privy to that the rest of us don't have: information that affects national and international businesses.

In fact, while most everyone lost money in 2022, both Democrats and Republicans beat the market and made money, and depending on the committees they were on, some beat the market significantly.

And none is more famous than former Speaker of the House Nancy Pelosi, who actually defended Congressional stock trading to ensure she could keep getting all of that sweet insider information.

"We're a free market economy," she famously declared, "They [congress members] should be able to participate in that."

That's why it's so funny that Josh Hawley put her name on his new bill that would ban stock trading for members of Congress and their immediate family.

Of course, there is legislation on the books that somewhat limit legislators and their trading of stocks already; without it, we wouldn't even know this was an issue.

The STOCK Act requires legislators to disclose their trades and those of their spouses. The legislators are performing so well, that there are entire trading apps dedicated to watching the trades of the House and the Senate to give traders the same edge as our law makers.

And last year, there was an attempt to pass legislation requiring law makers, their spouses, and their children to put their assets in blind trusts while they serve, but those efforts were scuttled by Democratic leadership.

So while Hawley's proposed Act will likely go nowhere, it at least feels good to point our finger and laugh at the people profiting at our expense.