Bergman

WASHINGTON DC – This week, Rep. Jack Bergman cosponsored the Stop Insider Trading Act, legislation that would prohibit Members of Congress, their spouses, and dependent children from trading individual stocks.

Concerns about stock trading by elected officials have grown in recent years, as multiple academic studies and media investigations have shown that Members of Congress have historically outperformed the broader stock market at rates that raise serious questions about access to nonpublic information.

“The American people work hard for every dollar they earn, and they are right to be angry when politicians use insider information to trade stocks and game the system,” Bergman said. ” The Stop Insider Trading Act helps restore trust by making clear that Members of Congress cannot profit from the same information they use to write the laws. This bill is about fairness, accountability, and making sure Washington plays by the same rules as the folks back home.”

The legislation, introduced by Rep. Brian Steil, passed the House Administration Committee on Thursday and now heads to the House floor for a vote.