Congressman Jo Bonner, R-Alabama, voted for the Stop Trading on Congressional Knowledge Act (STOCK Act) to strengthen current law prohibiting Members of Congress and other government employees from personally benefiting from confidential information accessed during the performance of their jobs.
"For more than 50 years, it has been illegal for anyone in government service, including Congress, to financially benefit from confidential information received in the performance of their duties," Congressman Bonner said. "The House today reiterated that Congress should abide by the same set of rules as the rest of America. People who hold a public trust should be held to a higher standard."
As chairman of the House Ethics Committee, Congressman Bonner has oversight over conduct of fellow Members of Congress, including enforcement of rules prohibiting Members' use of confidential information for personal gain.
In addition to underscoring that Members of Congress are legally barred from personally benefiting from confidential information accessed on the job, the STOCK Act also strengthens reporting requirements for Congress and the Executive Branch.
The STOCK Act passed the House of Representatives by a resounding 417 to 2 vote Thursday.