House Majority Leader Eric Cantor called on the Senate to ?strengthen? the language of the Stop Trading on Congressional Knowledge (STOCK) Act, which would ban insider trading among members of Congress and federal employees, so the same rules apply to the executive branch.
?The bill does not adequately cover those connected with the federal government in the executive branch that are in positions with access and are privy to information that could be used to personally benefit those individuals, so we?re looking at ways that hopefully the Senate can work on that language, strengthen the language so that the same rules apply to executive branch personnel,? Cantor said in a press conference outside of the Capitol Tuesday.
Cantor was asked why Congress has not banned members from trading stocks.
?I?ve always been one, whatever the subject is, is to make sure the public is enjoying it?s right to know and if you?ve got to wait a year to know what your elected representatives are doing from a financial transaction standpoint, I don?t that that is a timely enough schedule for the members of the public to realize that right to know,? Cantor responded.
The most recent version of the bill would require members to report financial transactions within 30 days.
Follow Nicholas on Twitter
Join the conversation on The Daily Caller
Read more stories from The Daily Caller
Not All Muslims beat their wives after Dave Eggers writes a book about them
Cantor to Senate: Ban insider trading in the White House too [VIDEO]
Mitt Romney sings 'America, the Beautiful' [VIDEO]
Adele's makes post-surgery comeback, will perform at Grammys
Top 10: AskMen's most desirable women of 2012 [SLIDESHOW]
northern lights maksim chmerkovskiy aurora borealis s.978 larry ellison go ask alice go ask alice
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.