Congressman Jim Himes (CT-4) released the following statement today after the Senate voted 96 to 3 to approve the House version of the STOCK Act, which prohibits insider trading by Members of Congress and thousands of executive branch employees. The bill previously passed the House by a vote of 417 to 2 and now heads to President Obama's desk for his signature.
"At long last, the STOCK Act is on its way to the President's desk. This is a common-sense law that, frankly, should have been on the books long ago. The STOCK Act ensures that no Representative or Senator can profit by trading securities based on information unavailable to the public. Since arriving in Washington just three years ago, I have tried to conduct the people's business while maintaining the highest ethical standards for myself and my staff. This bill closes an inexcusable gap and makes sure members of Congress play by the same rules as every other American. No one should ever expect less."