Press Releases

Owens Wants Action on Insider Trading Legislation

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Washington, Feb 2, 2012 | Sean Magers (202-225-4611) | comments
WASHINGTON – Congressman Bill Owens joined an effort today to force a vote on bipartisan legislation that would ban insider trading in Congress. Owens signed a discharge petition Wednesday night to force GOP House Leadership to bring up the Stop Trading on Congressional Knowledge (STOCK) Act, a bill that Owens cosponsored last year.
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Congressman Bill Owens joined an effort today to force a vote on bipartisan legislation that would ban insider trading in Congress.  Owens signed a discharge petition Wednesday night to force GOP House Leadership to bring up the Stop Trading on Congressional Knowledge (STOCK) Act, a bill that Owens cosponsored last year.

“It is only fair that any knowledge obtained through public service is not used for the personal gain of public officials or their staff,” said Owens. “The STOCK Act is supported by an overwhelming majority in the House and I urge Republican leadership to bring this bill up for a vote as soon as possible.”

Currently, House Leadership has blocked the STOCK Act from coming to a vote.  Owens joined the launch of the discharge petition that would force a vote on the legislation with signatures from at least 218 Members of the House of Representatives.  

The STOCK Act (H.R. 1148) is currently cosponsored by 271 Members of Congress including 179 Democrats and 92 Republicans. It would prohibit Members of Congress and federal employees from profiting from nonpublic information they obtain via their official positions, and require greater oversight of the growing “political intelligence” industry.

President Obama pledged during this year’s State of the Union address that if the STOCK Act reached his desk, he would “sign it tomorrow.”  The Senate voted 93-2 this week in favor of moving forward on the bill.

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