Like millions of Americans all across the country, I was surprised to learn late last year that insider trading by members of Congress, their families or their staff, using non-public information gained through their Congressional work, is not already clearly and expressly illegal.
The American people deserve to know that their elected leaders play by the exact same rules that they play by and that their lawmakers’ only interest is what’s best for the country, not their own financial gain.
Which is why in November, I introduced The STOCK Act in the Senate which has garnered the bipartisan support of 28 of my colleagues and at least seven good-government advocacy groups. This common sense legislation would close the insider trading loophole and take the first step in beginning to restore the American people’s trust in their elected leaders.
In President Obama’s State of the Union speech last week, he said if we send him this bill he will sign it right away. I applaud Leader Reid for moving to act by bringing this strong bill with teeth to the Senate floor for a vote today.
Momentum is building toward passage of this important piece of legislation. Will you make your voice heard? Please add your name to the thousands of Americans who are demanding more accountability and transparency in Washington and send a message to Congress that the time to pass The STOCK Act is now.