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The details will matter. Elected officials normally have their portfolios managed “blind” where they can make no day to day decisions for this very reason. Moreover, all such sales have to be disclosed. Hardly possible to hide them. In fact, this story was fed by the disclosure process. The senate deals with a budget every year and members are aware of likely winners and losers in all sorts of industries well before the general public. They do not take advantage of that sort of “insider” knowledge. I would not be surprised if the “guilty” parties were astute asset managers rather the actual members.
It was a bit obvious what was coming... so as presumably they have top people managing their accounts they acted accordingly....