Slaughter Calls on Congress to Pass the STOCK Act

SLAUGHTER, L. (D-NY): Mr. Speaker, I'm going to make an offer than none can refuse, or no one should refuse.

THE SPEAKER PRO TEMPORE If the gentlelady will suspend- the gentleman from Maryland remain on his feet in yielding time. The gentlelady from may -- the gentlelady may continue.

SLAUGHTER, L. (D-NY): Does that come off my time?

THE SPEAKER PRO TEMPORE:No madam.

SLAUGHTER, L. (D-NY): I'm pleased that the STOCK Act is something we can finally vote on today in this Congress. the stock act has bipartisan support from 231 members of Congress- the majority of the house, ranging from freshman members to senior members from both sides of the aisle. The bill has been around since 2006 and we do not need to study it another day.

The critical part of the bill is the registration of the political intelligence industry. The burgeoning K Street industry gathers information from Members and staff in order to enrich their Wall Street clients and it has been completely unregulated.

We will finally regulate through the STOCK Act this lucrative industry and make sure that Members of Congress and their staffs come to Washington to serve their constituents and not fatten their own bank accounts.

There are 535 of us privileged enough to serve in this Congress and we must hold ourselves accountable to the highest standards.

The American people have shown an incredible interest in this STOCK Act. If you fail to vote for this motion today you're going to tell them that you're not interested in their concerns- none of us on either side of the aisle want to do that. So i urge my colleagues to vote in favor of today's motion to recommit, to pass this bill that's been around for years and needs passing very badly, and to hold ourselves accountable to the American people and to the letter of the law.

Category:

News & Politics

Tags:

• STOCK Act
• Motion to Recommit
• political intelligence
• insider trading