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Rep. Quayle Praises Passage of STOCK Act


Location: Washington, DC

Representative Ben Quayle released the following statement after his vote in favor of the "Stop Trading on Congressional Knowledge" (STOCK) Act, which restricts Members of Congress, their staffs, and administration officials from trading on inside knowledge:

"Today's vote was an important step in stopping elected officials from abusing the offices they are entrusted with. Although I believe that Rule 10b-5 of the Securities and Exchange Act prohibits insider trading for everyone, including Members of Congress, I am grateful that the STOCK Act clarifies and strengthens the principal that elected officials and their staffs should not profit from inside knowledge.

"I ran for Congress because I am sick of Washington's complacent career culture, which all too often allows elected officials to abuse the authority of their office while taking gold-plated pensions and perks. I am glad that today's vote offered me yet another opportunity to bring about a culture in Congress that is about serving the people and not themselves."

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