The Democracy Group Trading the Public's Trust | Swamp Stories
Jan 12, 2022
13:53
In 2012, President Barack Obama signed into law the Stop Trading on Congressional Knowledge Act, otherwise known as the STOCK Act. The intent was to ban insider trading from members of Congress — a subject that gained national media attention on both sides of the aisle in the months and years after the financial crisis.
But the law did not do what it was supposed to.
Weston unpacks the STOCK Act and where it falls short and talks with one of the members of Congress who’s leading a bipartisan effort to fix the law and put an end to insider trading by members of Congress.
Guests:
- Kedric Payne, Senior Director of Ethics and the General Counsel of the Campaign Legal Center
- Rep. Chip Roy (R-TX)