My Letter to Congress: H.R.682 Stop Trading on Congressional Knowledge Act

I am writing as your constituent in the 9th Congressional district of California. I support H.R.682 - Stop Trading on Congressional Knowledge Act, and am tracking it using OpenCongress.org, the free public resource website for government transparency and accountability.

Sincerely,
Susan Bunn

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Barbara Lee
Member of Congress

Dear Mrs. Bunn:

Thank you for writing to me to express your support for the S.2038, the Stop Trading on Congressional Knowledge (STOCK) Act.  I appreciate hearing from you on this issue.

I was proud to vote for this important bill, which passed the Senate on February 2, 2012.  The STOCK Act explicitly bars members of Congress and their staff from engaging in insider trading or otherwise using nonpublic information gained through their work for their own personal benefit.  Additionally, the STOCK Act requires that members of Congress report stock and other major financial transactions within 30 days.

As Chair of the Senate Ethics Committee, I am also proud that the Senate's version of the STOCK Act includes a bipartisan amendment that I offered with the Republican Vice-Chair of the Committee, Senator Johnny Isakson, requiring members of Congress to disclose the terms of all mortgages.  This new requirement would also apply to the President, Vice President and senior executive branch officials.

On February 9th, the House of Representatives passed its own version of the STOCK Act.  I am hopeful that we can resolve the differences between these two pieces of legislation and send a bill to the President as soon as possible.

Again, thank you for writing to me.  Please feel free to contact me again about this or other issues of importance to you.

Sincerely,

Barbara Boxer

United States Senator

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