WASHINGTON - Committee on House Administration Chairman Bryan Steil (R-WI) joined "Squawk Box" on CNBC to discuss the Committee's hearing on Congressional stock trading titled, "Taking Stock of the STOCK Act."
"I come at this with a premise that no Member of Congress should be benefitting themselves financially by insider trading. If you want to make a living of trading stocks, you should go to Wall Street, not to Capitol Hill," said Chairman Steil."Today's hearing is an opportunity to really explore where we are 13 years after the passage of the STOCK Act, which formally put Members under insider trading laws, are we enforcing those at the levels that we should, and what reforms need to be made to the STOCK Act to make sure that we're building the confidence in the American people. We're trying to have a structured and thoughtful process to do this so that at the end of the day we can actually get improvements across the line." |
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