WASHINGTON, D.C. – House Majority Leader Eric Cantor (R-VA) tonight issued the following statement regarding the Senate procedural vote on the STOCK Act:
“Insider trading by members of Congress is unacceptable, and the public needs to know that the same rules apply to elected officials as everyone else. The STOCK Act rightfully attempts to ensure that members of Congress do not use insider information to profit personally, and it is imperative that people trust that Members of Congress aren’t using public office for personal gain.
“I was pleased to see the Senate signal that it will take up an expanded version of the STOCK Act. While the current Senate bill is a step in the right direction, there are other areas where it can be strengthened such as applying disclosure requirements to the Executive Branch and their employees in a position to gain from insider information. We will closely monitor the Senate’s progress as the measure is strengthened during the amendment process, and will ensure action on legislation that meets the underlying goals of the STOCK Act in the most timely manner possible.”