Heller Votes to Stop Insider Trading in Congress

Statement

Today U.S. Senator Dean Heller (R-NV) voted in support of the STOCK Act (S. 2038), which would prohibit Members of Congress from using non-public information for personal gain in financial markets. Heller is an original cosponsor of similar legislation introduced earlier this year by Senator Scott Brown (R-MA).

"This legislation is an effective, bipartisan effort to change the way Washington does business. Congress still has a long way to go to earn back Americans' trust, but passing this bill today is a good start. Serving as an elected official is a privilege that should not be taken lightly, and every effort should be made to ensure that Members do not take advantage of their elected office for financial gain," said Senator Dean Heller.

This week, Heller spoke in support of the legislation passed by the Senate today. Click here to view that speech.

The STOCK Act would prohibit Members or employees of Congress from profiting from non-public information obtained because of their status. Members and employees would also be required to report the purchase, sale, or exchange of any stock, bond, or commodities transaction greater than $1,000 within 30 days.

Similar legislation (H.R. 1148) has also been introduced in the House of Representatives.

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