[Congressional Record Volume 158, Number 16 (Wednesday, February 1, 2012)]
[House]
[Page H228]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                             THE STOCK ACT

  (Mrs. CAPPS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Mrs. CAPPS. Madam Speaker, I rise today to urge the Republican 
leadership of the House to bring the STOCK Act to the floor. This 
commonsense legislation would ensure that Members of Congress and their 
staffs are not able to profit from nonpublic information obtained 
through their official duties. President Obama has called on Congress 
to pass this bill, and it has even advanced in the Senate this week 
with 93 ``yes'' votes. Meanwhile, the House has not acted on the bill, 
and a markup on it in December was quashed by the Republican 
leadership.
  Madam Speaker, Members of Congress need to play by the same rules as 
everyone else, and our constituents need to have confidence that is the 
case. Right now, they don't have a lot of confidence in Congress on 
anything. Congressional approval ratings are at record lows, and 
reports that Members could possibly profit from nonpublic information 
is no doubt one more reason for that. Now we can take a step to address 
this gap by enacting the STOCK Act.
  Madam Speaker, this is the people's House, and the American people 
deserve to know that the men and women they send here are working for 
them.

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