Bill filed to prohibit congressional insider trading
November 15th, 2011
02:22 PM ET
2 years ago

Bill filed to prohibit congressional insider trading

Washington (CNN) - Members of Congress and their staffs would be prohibited from using insider legislative information for investment purposes under legislation filed Tuesday in the wake of a CBS News "60 Minutes" report.

On Sunday, "60 Minutes" aired a report highlighting instances in which congressional officials reportedly bought stocks around the same time Congress was discussing legislation affecting those companies or industries.

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Filed under: Congress
soundoff (10 Responses)
  1. gt

    wow .. sorry nancy you were caught with your hand in the cookie jar... i mean american tax payers cookie jar

    November 15, 2011 02:25 pm at 2:25 pm |
  2. Democrat Party - leftist "progressive" socialist communist losers hellbent on destroying the USA

    What was that comment from Nancy Pelosi a while back about "draining the swamp"??? Lyin' Democrats, nothing new.

    November 15, 2011 02:51 pm at 2:51 pm |
  3. Gale

    Like that is gonna stop them. Laws were made for tax payers, not Congress.

    November 15, 2011 03:00 pm at 3:00 pm |
  4. The Greedy Old Pigs are insane!

    "sorry nancy you were caught with your hand in the cookie jar... i mean american tax payers cookie jar"

    Actually, she wasn't, though you'll never learn that fact from Fakes News. You probably also think Breitbart is a real journalist.

    November 15, 2011 03:13 pm at 3:13 pm |
  5. Rudy NYC

    Does anyone out there actually believe Boehner's claim that he hasn't made any decisions about purchasing or selling stocks i his portfolio "in years"? Well, it could be true if his spouse were making the decisions.

    If Mrs. Virginia "Clarence" Thomas can work as a lobbyist for the party that is bringing a civil suits before the SCOTUS without her husband recusing himself from the cases, then something is really wrong in this country. Justice Thomas should have recused himself from "Citizens United", among others, and he should recuse himself from the upcoming case concerning the Affordable Care Act.

    November 15, 2011 03:14 pm at 3:14 pm |
  6. Larry L

    How about a bill baring contributions to political campaigns from lobbyists? During my Army career I was at times responsible for government contracts. Had I accepted money from the contractors I'd be sending this comment from the federal prison. How is Congress allowed to openly accept contributions when their votes on laws directly impact the contributor?

    November 15, 2011 03:22 pm at 3:22 pm |
  7. willie floyd

    Scott Brown was not the sen. who appeared on the CBS program 60 MINS. Another sen. plus a lady sen. had worked on this for over a yr. with no one listening-why the sudden passage credited to Scott Brown??? Sorry I don't recall the names of the 2 sens. but I wasn't familiar with them.

    November 15, 2011 03:24 pm at 3:24 pm |
  8. Al-NY,NY

    The show looked at the investments of various lawmakers - including House Minority Leader Nancy Pelosi, House Speaker John Boehner and Republican Rep. Spencer Bachus of Alabama.
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    both of you are too stupid to admit that Republicans are just as guilty of this as Democrats. Get a clue

    November 15, 2011 03:29 pm at 3:29 pm |
  9. tonelokez

    This just shows the ongoing trend of crooked politicians. Its not just democrats, this issue includes republicans. Oneshould ask themselves, "why is it illegal for me to do insider trading, but politicians can?"
    I didn't see the featured presentation but I've known of this issue for along time. Twice this issue has been sent to congress or the senate. And guess what!!? They shot it down very quickly. Why would we want to stop our personal revenues on the side?
    Get this law passed preventing them from profiting from there job!

    November 15, 2011 03:37 pm at 3:37 pm |
  10. floridares

    They all believe they are royalty. I dont care if they are dems or gop. If they won't pass a bill, get the bums out.

    November 15, 2011 03:52 pm at 3:52 pm |