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Public Statements

Support for Ban on Insider Trading in Congress

Statement

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Date:
Location: Washington, DC

Congressman Brian Bilbray (CA-50) issued the following statement today regarding his co-sponsorship of H.R. 1148, The Stop Trading on Congressional Knowledge (STOCK) Act. This bipartisan bill would prohibit Members of Congress and employees of Congress from profiting from nonpublic information they obtain via their official positions, and require greater oversight of the growing "political intelligence" industry. Please see the following statement:

"This legislation is a step in the right direction toward restoring the public's confidence in Congress and will bring another layer of transparency to the democratic process. Members of Congress should be subject to the same laws and standards as investors in the private sector and should not be permitted to profit from information they obtain while faithfully representing their constituents." -- Rep. Brian Bilbray, Represents California's 50th Congressional District


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