Carolyn Maloney: “I thank the gentlelady for yielding and for her hard work on this issue and many others. Mr. Speaker, I am really very…”

“I thank the gentlelady for yielding and for her hard work on this issue and many others. Mr. Speaker, I am really very pleased that we are finally working to address the insider trading issue in this body and that it will finally be on the floor tomorrow. We should not have had to wait so long for a bill that has 270 cosponsors; and I am proud to be one of them, and I have been in past Congresses. I want to thank my colleague from New York, Louise Slaughter, who has worked on this legislation for 6 long years, and my colleague from Minnesota, Mr. Walz, for their excellent leadership, perseverance on this issue. Mr. Speaker, I have said it before: Elected officials must be like Caesar's wife in avoiding the appearance of impropriety. The need to expressly prohibit this activity in statute cannot be overstated. Insider trading is illegal on Wall Street and it should be illegal on Capitol Hill. The STOCK Act is bipartisan, commonsense legislation to prohibit federally elected officials from profiting on nonpublic information they receive through their legislative duties. This is long-overdue reform of how Washington does business, and the American people deserve and expect us to pass it swiftly. Regretfully, the bill introduced by the Republican majority does nothing to regulate the political intelligence community.…”