U.S. Senator Gillibrand Speaks Out About Congressional Insider Trading
Washington, D.C. (WIBX) - U.S. Senator Kirsten Gillibrand testified today at a Senate Committee on Homeland Security and Governmental Affairsm, the committee is looking into insider trading by members of Congress.
Last month, Senator Gillibrand led a bipartisan group of Senators that introduced the STOCK Act, the proposed legislation would define rules regarding Congressional work and service.
Senator Gillibrand's testimony was aired live on C-Span earlier today. " The American people need to know that their elected leaders play by the exact same rules that they play by", said Gillibrand, adding that Americans "also deserve the right to know that their lawmakers only interest is in what's best for the country, not what's best for their own financial interests."
The STOCK act would also require "political intelligence" consultants to register as lobbyists.