WASHINGTON, D.C. — U.S. Senator Kirsten Gillibrand, lead sponsor and author of the original STOCK Act, and Representative Katie Porter (D-CA) will hold a video press conference Wednesday morning to announce the reintroduction of the STOCK Act 2.0. The STOCK Act 2.0 would build on the STOCK Act to strengthen disclosure rules and prevent individuals in trusted positions of public service – including members of Congress, their families, and their staff – from using their access for self-enrichment.
The original STOCK Act barred members of Congress, the president, the vice president, and high level staff from engaging in insider trading or otherwise using nonpublic information for their own benefit. It also included important updates to financial transparency by requiring these high ranking government officials to expeditiously disclose financial transactions to the public. The STOCK Act 2.0 would impose additional disclosure requirements and restrictions for high level officials to ensure that members of Congress and public servants aren’t lining their pockets with taxpayer dollars.
