[Congressional Record (Bound Edition), Volume 158 (2012), Part 1]
[House]
[Page 505]
[From the U.S. Government Publishing Office, www.gpo.gov]




                               STOCK ACT

  (Mr. POE of Texas asked and was given permission to address the House 
for 1 minute.)
  Mr. POE of Texas. Madam Speaker, the STOCK Act will prohibit Members 
of Congress and Federal employees from using nonpublic information for 
their own personal profit and help prevent insider trading.
  Representative Timothy Walz of Minnesota has introduced this 
legislation in the House. The Senate has already voted to move forward 
on the STOCK Act.
  I join a bipartisan group of 217 Members in supporting this 
legislation. Several media reports have indicated that insider trading 
is a problem in the Halls of Congress.
  Madam Speaker, we work for the American people and cannot lose their 
trust. The STOCK Act or similar legislation is needed because it brings 
more transparency and oversight.
  Insider trading, any way you look at it, is not only illegal in the 
United States, but it is corrupt and morally wrong. In Washington and 
in Congress, things must not only be right; they must look right.
  And that's just the way it is.

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