Mr. Speaker, I rise today to urge and implore my colleagues to support the STOCK Act, the Stop Trading on Congressional Knowledge Act, and I ask also that Speaker Boehner bring this bill to the floor for a vote immediately. On Sunday night on CBS, their news program ``60 Minutes'' highlighted the potential problem of insider trading on Capitol Hill. Unlike all other Americans and investors, Members of Congress and their staff are not held legally responsible for profiting from nonpublic information they gain from their official position serving the public. This is absolutely outrageous and strikes at the heart of the democracy. When I first came to Congress and sat down with the author of this bill originally, Congressman Baird, and he started explaining to me what this was about, I, as most Americans, was shocked to believe it wasn't already a bill. Why would you allow the breach of trust of the American public to believe that their Member of Congress could potentially be trading on information to enrich themselves? It's not the point of, is it happening? The point is if the potential lies there. At the heart of every relationship is trust. If the trust is violated, everything that comes after that is a moot point. And this might be the greatest understatement ever: the American public is understandably frustrated with all the bickering and gridlock here.…
On the recordNovember 16, 2011
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