OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

STOCK Act

Floor Speech

Date: Feb. 9, 2012
Location: Washington, DC
Issues: Finance and Banking Legislative Branch

Ms. CASTOR of Florida. Madam Speaker, I rise to urge our colleagues to support the STOCK Act when it comes up later today.

The STOCK Act is the Stop Trading on Congressional Knowledge Act. It essentially bans Members of Congress from using their position and information that is not available to the general public for their own personal gain, such as purchasing stocks based upon information we learn from a briefing here on Capitol Hill.

Public office is a public trust, and rules that apply to our neighbors and Americans all across the country should equally apply to Members of Congress.

I'd like to congratulate my colleagues, Congresswoman Louise Slaughter from New York and Congressman Tim Walz from Minnesota, who have worked on this legislation year in and year out.

Colleagues, we should all vote in favor of the STOCK Act.


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