Pelosi Statement on Senate Passage of STOCK Act

Feb 2, 2012
Press Release

Contact: Nadeam Elshami/Drew Hammill, 202-226-7616

Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after the passage of the STOCK Act in the U.S. Senate:

“Passage of the STOCK Act in the Senate marks progress in restoring trust in government and reforming Washington. Members of Congress, executive branch officials, and judicial officers must play by the same rules as everyone else; it would be a betrayal of the public trust to personally profit from privileged information.

“Led by Congressman Tim Walz and Congresswoman Louise Slaughter, the STOCK Act has the support of a bipartisan majority of 280 Members. A discharge petition filed in the House only yesterday already has the bipartisan support of 168 Members.

“In his State of the Union address, President Obama called on Congress to send the STOCK Act to his desk and said that he would sign it into law right away. Now that the Senate has acted, and Congressman Walz and Congresswoman Slaughter have demonstrated the overwhelming bipartisan support of nearly two-thirds of the House, it is heartening to see that the House Republican leadership has now ended their obstruction of this important legislation. We can now take this first step to make government more accountable to the American people.”