U.S. Rep. Rodney Alexander, R-Quitman, released the following statement after the House of Representatives voted in favor of the House-amended STOCK Act, which makes certain that Members of Congress will not profit from insider trading and also expands provisions to completely include the Executive Branch. Additionally, this legislation ensures that Members convicted of a crime do not receive taxpayer-funded pensions, and bars public officials, as well as their staff, from using their position to profit from insider information.
"Everyone should be held to the same standards. Simple as that. No Member, federal official, or employee should financially benefit from insider information that the American public is not privy to. Each individual trusted with these positions is held accountable under the House version of the STOCK Act as transparency is increased, thus making it indisputable if someone is abusing their power. Hopefully, this will strengthen the confidence of the people back home, those who put their faith in us to serve justly."