Congressman Tim Griffin (AR-02) issued the following statement after House passage of the Stop Trading on Congressional Knowledge Act (STOCK Act - S. 2038):
"I support the STOCK Act because it holds federal employees and Members of Congress even more accountable through increased openness and greater disclosure requirements. This reform has bipartisan support and is another step toward changing the way Washington works."
S. 2038 was introduced in the Senate by Sen. Joseph Lieberman (I-CT) on January 26, 2012, and was passed by the Senate with a vote of 96-3 on February 2, 2012. The House version that passed today strengthens the Senate-passed version by applying its provisions to federal employees in all three branches of government. It also includes the "Pelosi Provision," which would prohibit Members of Congress and senior staff from receiving preferential treatment in any initial public offering.