[Congressional Record Volume 157, Number 176 (Thursday, November 17, 2011)]
[House]
[Pages H7731-H7732]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         SUPPORT THE STOCK ACT

  (Mr. WALZ of Minnesota asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. WALZ of Minnesota. Mr. Speaker, it has been 4 days since the CBS 
News program ``60 Minutes'' ran a troubling piece on insider trading in 
this very House. Mr. Speaker, you and I and our colleagues are the only 
people in this august body today who are exempt from insider trading 
rules.
  How do we expect the public to take us seriously about anything we do 
when there is the belief that people here are enriching themselves from 
the knowledge they gain on the job? Even the perception of wrongdoing 
undermines the trust in the democracy.
  The good news is that Ms. Slaughter, myself, and now 55 of our 
colleagues have joined together to put an

[[Page H7732]]

end to this practice. The STOCK Act that I rise and encourage my 
colleagues to join us on would stop trading on congressional knowledge. 
It would put Congress on the same playing field of every teacher, 
firefighter, small business owner, and investor. Then we can get down 
to the business of making America right--by creating jobs. I encourage 
my colleagues to join me.

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