On the recordJanuary 31, 2012
Mr. President, I rise today to speak about the STOCK Act. I wish to start by thanking the leaders on the floor, Senator Lieberman and Senator Collins, for their hard work and leadership in bringing this bill to the floor. There should not be any question that Members of Congress should be held accountable to the same laws to which every other American is held. That is why in November Senator Gillibrand, Senator Tester, and I introduced the STOCK Act to prohibit Members of Congress from engaging in insider trading. This bill is common sense. The American people deserve to know that their representatives in Congress are doing what is right for the country and not trying to strike it rich by trading on insider information. My constituents are certainly wondering why this isn't law already, and that is a good question. It certainly is a question I asked myself last year when there were news reports raising this issue, and I was very pleased to join immediately with my colleagues to put forward this legislation to make it absolutely clear that insider trading by Members of Congress is in violation of the law. I wish to thank, as I indicated before, the Senator from Connecticut and the Senator from Maine for moving this bill through their committee and bringing it to the Senate floor. I appreciate very much the vote of 93 Senators who voted last night to move the bill forward. I think it is a very important example of bipartisan support.…
Source
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