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House Administration markup aims to curb members’ stock trades, citing gaps in STOCK Act
Summary
An unidentified member of the House Administration Committee opened a markup to consider legislation intended to prevent members of Congress from profiting on nonpublic information, invoking the STOCK Act of 2012 and urging the committee to pass the bill to the House floor.
An unidentified member of the House Administration Committee told the panel at the start of a markup that no member of Congress "regardless of party or senior seniority, should be profiting off of insider information." The speaker framed the measure as a bid to restore public trust in Congress and said the committee is "leading the charge."
The speaker cited the STOCK Act of 2012, saying it "prohibits public officials from using non public information for their own financial benefit" but added that experience since 2012 shows "more needs to be done." The markup will consider a bill described as the…
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