OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Support the STOCK Act

Floor Speech

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

Mrs. CAPITO. Madam Speaker, I rise today in support of the STOCK Act, Stop Trading on Congressional Knowledge Act, which strengthens current House rules banning Members of Congress from profiting financially from their position. It is absolutely unacceptable for those in any branch of government--the legislative, the judiciary, or the executive branch--to profit from nonpublic information.

Insider trading is not only unethical; it is illegal no matter who you are. But if it takes a stronger, tougher bill to set the record straight, then so be it. The American people elected us in good faith to lead, and we must do everything in our power to protect that trust.

The bill enhances transparency, something we've continually strived for in this 112th Congress, and I am proud to support the bill. I hope my colleagues will join me in passing this into law.


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