Should Congress people notify the SEC when they buy/sell stock?

[cbdo2007]

I know this is an old study, but the article came up again on my screen somewhere:

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Do Congressional Reps Beat the Market With Inside Info?
By Dan Radovsky
Posted 2:00PM 07/28/11

Information is power, and members of the U.S. House of Representatives sit on a gold mine of it. Their seats on Congressional committees give them an inside view of the companies they regulate through legislation. This can be profitable information to anyone trading stocks -- and it should go without saying that our legislators should not be able to profit from that advantage.

However, statistically at least, it appears that some members of the House have used that information for their own stock market gain.

See full article from DailyFinance: http://www.dailyfinance.com/2011/07/28/do-congressional-reps-beat-the-market-with-inside-info/?icid=sphere_copyright
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So the questions is, should congress people have to file documents with the SEC when they buy/sell stock while in office? Currently we can see this info on their tax returns but this isn't "real time" it can be a year or two later. What do you all think?

[littlewolf]

1. hmmm I was under the impression that their stocks

were held in a blind trust .... they have no idea what is being traded or when .... usually done by computer .....