*Administration of Barack Obama, 2012 *

**Statement on Congressional Passage of Legislation To Prevent Members of Congress From Engaging in Insider Trading **

*March 22, 2012 *

In my State of the Union Address, I laid out a blueprint for an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules, including those who have been elected to serve the American people.

Today I'm pleased Congress took bipartisan action to pass the "STOCK Act." After I sign this bill into law, Members of Congress will not be able to trade stocks based on nonpublic information they gleaned on Capitol Hill. It's a good first step. And in the months ahead, Congress should do even more to help fight the destructive influence of money in politics and rebuild the trust between Washington and the American people.

NOTE: The statement referred to S. 2038.

*Categories:* Statements by the President : Congress, insider trading ban, congressional passage*.*

*Subjects:* Congress : Bipartisanship; Congress : Ethics reforms; Elections : Campaign finance laws.

*DCPD Number:* DCPD201200206.