A formal debate over lawmaker stock trading got underway on Capitol Hill this past week and injected a new term into the now years-long debate: pre-disclosure.
As lawmakers outlined it, pre-disclosure of stock trades could provide a way to limit congressional day trading while still allowing lawmakers to play the market.
"I think pre-disclosure is something that we ought to consider," offered the Manhattan Institute's James Copland as he testified before the House Administration Committee on Wednesday.
He later noted, "This is exactly what happens in certain types of corporate situations."