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.…
Share & report
More from Carolyn Maloney
No, they do not. In fact, the scientists and the medical professions all support access to all medically appropriate legal medical procedures. There are some times when the fetus is not-- could not live or has died and is in jeopardy of…
The nonpartisan Congressional Budget Office found that the payroll tax cut is one of the most powerful tools that we could use to increase the number of full-time jobs. The other policy option that they supported for stimulating the…
Data from the Bureau of Labor Statistics shows that while 14 million Americans are looking for work, there are only 3 million job openings. This means that if every single job was filled outright, there would still be 11 million Americans…
Last year, when I was chair of the Joint Economic Committee, we held a hearing on the pivotal role of government investment in basic research. We found that basic research spurs exactly the kind of innovations that business leaders…





