OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Promoting Transparent Standards for Corporate Insiders Act

Floor Speech

Date: Jan. 28, 2019
Location: Washington, DC
Issues: Finance and Banking

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Mr. CASTEN of Illinois. Mr. Speaker, I thank Chairwoman Waters and Ranking Member McHenry for working in a bipartisan manner to craft H.R. 624, a bill to help the Securities and Exchange Commission better protect hardworking Americans from financial fraud.

As a new member on the Financial Services Committee, I look forward to working together with both the chairwoman and the ranking member on similar commonsense pieces of legislation.

However, we cannot forget that the most recent shutdown all but caused the SEC to shut its doors. If people wanted to manipulate and defraud financial markets that was the perfect time to get away with it.

Now that the shutdown has ended, we have to work together to ensure that the government stays open to protect consumers and focus on proactive measures like H.R. 624 that will strengthen our markets.

Mr. Speaker, I support H.R. 624, and I thank the chairwoman for her leadership.

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