Rob Portman: “I was there with him in the Committee on Ways and Means when we had a good hearing, a good markup on these issues, and I…”

“I was there with him in the Committee on Ways and Means when we had a good hearing, a good markup on these issues, and I appreciate his support of the Portman-Cardin provisions which are really the base of this legislation. There has been something added since that time, which is that those 'captains' are prohibited from trading their stock at all during a blackout period so long as 50 percent of the participants in the plan are affected by the blackout. So you supported us in committee, we had a good bipartisan product, we had a good debate on it, we made some changes to accommodate some of the gentleman from Maryland's and your concerns and others, and then we added to it by actually putting in place what you indicated a moment ago is your biggest concern: that there is nothing in here to keep the captains from trading stock when the sailors cannot. I know there are some other issues. There is investment advice in here that was not in our bill, although we did have the pretax investment advice proposal.”