On the recordFebruary 9, 2012
Madam Speaker, insider trading is and has been against the law no matter who you are. The bill we are debating is not about simply banning Members from insider trading, it is about holding Members of Congress and members of the administration to a higher standard as I think we should be. Confidence in Congress is at an all time low and restoring trust with the American people is paramount. While affirming the ban on insider trading the STOCK Act also significantly broadens prohibited activity and establishes a new reporting system that will allow for unprecedented transparency. I urge my colleagues to support this bill because even the appearance of operating outside the law needs to be addressed forcefully. By shining the brightest light possible on the financial transactions of Members of Congress and the administration we can help ensure that no one is taking advantage of their positions. Madam Speaker, the American people have elected us to be their representatives and that means conducting ourselves with the highest of ethical standards. Anything less is a disservice to this office and to those who sent us here.





