I’m pleased to tell you about another important piece of legislation that will reform the way Washington does business. Last Thursday, the House passed S. 2038 the STOCK (Stop Trading on Congressional Knowledge) Act in a strong bipartisan vote of 417-2. I was an early cosponsor of the House’s version of the STOCK Act, H.R. 1148, too.
This bill would prohibit Members of Congress, the Executive Branch and their staffs from using nonpublic information for personal benefit. These individuals are privy to sensitive information on a daily basis. We must ensure this knowledge serves our nation’s best interests, not personal gain.
When Granite Staters sent me to Capitol Hill, they told me to convey the message that they will no longer stand for the status quo. In the past year, I’ve been delivering on that. I’ve voted to freeze my own pay, cosponsored legislation to get rid of automatic pay raises for Members of Congress, worked to reform the pension system and have cut my own office’s budget twice – yielding an 11.4% total reduction. As an early cosponsor of the STOCK Act, I’m pleased to see the passage of another necessary reform. You can be assured I will continue fighting to change the broken culture of Washington at every turn.