Bipartisan STOCK Act Becomes Law

Statement

By:  Rodney Frelinghuysen
Date: April 5, 2012
Location: Unknown

Yesterday morning, the President signed the bipartisan STOCK Act into law. This measure reached the White House thanks to the hard work and commitment of both parties to strengthen rules banning insider trading and make clear that elected officials and their staff are living under the same rules as everyone else.

"Of course, insider trading is already prohibited under the rules of the House of Representatives," Rodney said. "But, the STOCK Act strengthens existing law by requiring additional financial disclosures by Members of Congress and other government employees. I cosponsored and strongly supported this extra effort to restore public confidence.

"My colleagues from both sides of the aisle deserve credit for their efforts to increase transparency and accountability as we take a step to restore the public's trust in the federal government. It's about time their efforts resulted in a strong law."