Legislation to Rein in Abuse Is Moving Rapidly Through Both the House and Senate
WASHINGTON, D.C. – Seven reform groups sent letters today urging members of both the House of Representatives and Senate to join in the legislative drive to pass the \”Stop Trading on Congressional Knowledge\” (STOCK) Act. The measures – one in the House sponsored by Reps. Timothy Walz (D-Minn.) and Louise Slaughter (D-N.Y.) and two similar versions in the Senate by Sens. Scott Brown (R-Mass.) and Kirsten Gillibrand (D-N.Y.) – would prohibit members of Congress and their staffs from using information gleaned in the course of their official duties for insider trading in the stock market.
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