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Stock Act

(Ms. HOCHUL asked and was given permission to address the House for 1 minute and to revise and extend her remarks.)

Rep. Kathy Hochul

legislator photo

Madam Speaker, just a minute ago we heard our chaplain beseech us to be open to the hearts and minds of the people we represent. That is exactly why, today, we need to pass the STOCK Act to stop insider trading on congressional knowledge. This has waited too long, Madam Speaker.

My colleague from upstate New York, Louise Slaughter, has led the charge for this for 6 years. It is now time for us to take action--and not a watered-down version. We need to stop the insidious practice of insider trading, giving Members of this body an unfair advantage over Americans who sent us here to represent them. This practice must stop.

I'm calling on all of my colleagues and calling on the leadership to give us a bill we can support, put an end to this insidious practice, and let us begin the long process of restoring the faith of the American people in this institution.