Press Releases

February 9, 2012

Dent Statement on Passage of STOCK Act

WASHINGTON, D.C. - U.S. Rep. Charlie Dent (PA-15), a member of the House Committee on Ethics, issued the following statement on the passage of H.R. 1148, the Stop Trading on Congressional Knowledge (STOCK) Act:

"As a cosponsor of the STOCK Act, I was eager to see this important legislation pass the House because it demonstrates to the American people that elected officials will be held to the highest standards of integrity. The STOCK Act prohibits Members of Congress and certain high-ranking aides from selling or purchasing stocks based on information they receive during confidential briefings or meetings. I strongly supported this bill because I believe allowing elected officials and staff to use information that is unavailable to the public for personal profit is simply unacceptable.

“During House consideration of H.R. 1148, I welcomed the addition of important provisions that ensure Executive Branch officials are held to the same standards as Members of Congress. Despite our many differences, the STOCK Act received strong bipartisan support in the House because both parties understand this bill will help reinforce the public’s trust in government.

“Similar versions of the STOCK Act have now passed both chambers of Congress. I am hopeful the Senate will quickly approve the legislation strengthened by the House, so President Obama can sign the bill into law without delay.”

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