[Congressional Record (Bound Edition), Volume 157 (2011), Part 12]
[House]
[Page 17703]
[From the U.S. 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 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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