This week I was proud to introduce the STOCK Act 2.0 to ban Members of Congress from trading stocks. Check out this clip of me telling Chris Hayes about this bill:
Back in 2012 while I was helping California families navigate the foreclosure crisis, I saw reports that Members of Congress used the information they had about the impending crisis for their own financial gain.
That’s why that same year, Congress passed the initial version of the STOCK Act, which prohibits members from making trades based on information they learn on the job. But recent investigations show that these provisions don’t go far enough, and too many people of both parties have violated the existing STOCK Act. Take former Senator Kelly Loeffler for example: She sold millions of dollars worth of stock after receiving a Senators-only briefing on COVID-19 in January of 2020.
Members of Congress shouldn’t be wheeling and dealing for themselves, they should be working for the American people. Americans deserve to know that their representatives are working for them. Only about one in four Americans trust our government to do what’s right, so it’s up to Congress to earn back their trust and show the people who elected us that we work for them.
Onward,
Katie Porter
Congresswoman Katie Porter is fighting for affordable child care, lower cost prescription drugs, climate action, and a strong, stable, globally competitive economy that works for everyone. She’s standing up to corporate special interests and doesn’t take any money from corporate PACs or lobbyists, so we rely on grassroots supporters like you pitching in when they can. Make a contribution today. |
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