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Castor calls for congressional reform and passage of bipartisan STOCK Act
Washington,
Feb 8 -
Today, U.S. Representative Kathy Castor released the following statement calling for the passage of the bipartisan Stop Trading on Congressional Knowledge Act, or STOCK Act, which would prohibit Members of Congress and federal employees from profiting from nonpublic information they obtain via their official positions:
“It is time for real reform in Washington. Members of Congress should not be able to trade stocks based on nonpublic information gleaned on Capitol Hill. I urge the House of Representatives to pass this bill tomorrow. This is a chance for Republicans and Democrats to come together and say that we are not above the law.
The STOCK Act is about transparency and fairness and changing the way we do business in Washington. Members of Congress and staff should be held accountable if they try to profit by making personal investment decisions based on non-public information.
We all know that there is much more that needs to be done to fix Congress, but it is important that we take this step and join the Senate in passing the STOCK Act. I urge my colleagues to put any partisan differences aside and pass this legislation that requires Congress to play by the same rules as everyone else."
Castor was a cosponsor of the original version of the STOCK Act introduced this Congress by Rep. Tim Walz and championed for years by Rep. Louise Slaughter.
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