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The Stop Trading on Congressional Knowledge (STOCK) Act, legislation aimed at eliminating insider trading in Congress, was passed in the House today by a vote of 417 to 2.
Rep. Louise Slaughter (D-Fairport) who authored the bill, called this a victory for the American people.
"No matter how powerful our position, nor how hallowed the halls we walk, no one should be above the law," said Slaughter. "With the passage of the STOCK Act, we can move one step closer to living up to the faith and trust bestowed upon us by the American people — the citizens for whom we serve.”
The legislation would require lawmakers and xecutive branch officials to post trades have online within 30 days. The legislation was first introduced in 2006, but has been getting attention over the last three months.
Last week, the Senate passed the bill by a 96-3 vote.
President Barack Obama has repeatedly said that he intends to sign the bill immediately.
The Stop Trading on Congressional Knowledge (STOCK) Act, legislation aimed at eliminating insider trading in Congress, was passed in the House today by a vote of 417 to 2.
Rep. Louise Slaughter (D-Fairport) who authored the bill, called this a victory for the American people.
"No matter how powerful our position, nor how hallowed the halls we walk, no one should be above the law," said Slaughter. "With the passage of the STOCK Act, we can move one step closer to living up to the faith and trust bestowed upon us by the American people — the citizens for whom we serve.”
The legislation would require lawmakers and xecutive branch officials to post trades have online within 30 days. The legislation was first introduced in 2006, but has been getting attention over the last three months.
Last week, the Senate passed the bill by a 96-3 vote.
President Barack Obama has repeatedly said that he intends to sign the bill immediately.
