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Rep. Brian Stiles introduces Stop Insider Trading Act to bar members from buying individual stocks
Summary
Rep. Brian Stiles said he introduced the Stop Insider Trading Act to prohibit members of Congress from buying individual stocks and to require advance public notice of stock sales, arguing the measures will restore trust and prevent officials from profiting on insider information.
Congressman Brian Stiles, chairman of the House Administration Committee and a member of the House Financial Services Committee, told host Maria he has introduced the Stop Insider Trading Act to stop members of Congress from buying individual stocks and require advance notice of any planned sales. "If you wanna trade stocks, you should go to Wall Street, not to Capitol Hill," Stiles said.
Stiles said the bill would "prevent any member from ever profiting off of insider information on individual trades in stocks" and help "dramatically improve America's trust in Congress." He argued the proposal…
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