Political Quotes

“The Rules Committee met last night and reported House Resolution 739, providing for consideration of H.R. 2534, the Insider Trading Prohibition Act, under a structured rule, which makes in order two amendments. The rule provides 1 hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services and provides for one motion to recommit. Lastly, the rule makes the motion to discharge H. Con. Res. 77, if offered by Representative Gabbard from Hawaii, in order on December 11 and that the resolution be debatable for 20 minutes. Mr. Speaker, I am pleased we are here today to provide for consideration of H.R. 2534, the Insider Trading Prohibition Act, which will establish a statutory prohibition on insider trading. For millions of hardworking Americans, investing in the stock market is an important tool to save for retirement, send their kids to college, or save for a downpayment on a home. The foundation of an efficient market is rooted in fairness and transparency, that all investors have access to the same information so they can make reasonable and prudent investment decisions. Insider trading erodes the foundation of fairness and transparency.…”