Dear James,
It's outrageous that members of Congress are currently allowed to engage in insider trading.
Members of Congress regularly receive sensitive information about the state of the economy and get advance notice on the actions of corporations, but they don't have to adhere to the laws that prohibit buying or selling stock based on that information — laws that everyone else in America must abide by.
Rep. Louise Slaughter has introduced legislation to ban insider trading by members of Congress, known as the Stop Trading on Congressional Knowledge (STOCK) Act.
But Republican leadership is blocking a vote on this bill. In order for this legislation to come to a vote, a discharge petition must be launched and signed by at least 218 representatives.
And your representative, Rep. Meehan, has yet to sign on.
Rep. Louise Slaughter has long led the fight against Congressional insider trading, first introducing the STOCK Act in 2006. But thanks to recent news attention on Congressional insider trading, this bill has gained momentum and has 282 co-sponsors, including 97 Republicans.
Although there are many co-sponsors of this bill, not all of the STOCK Act's supporters are doing everything they can to get this legislation up for a vote by signing the discharge petition. We need at least 218 of the bill's 282 co-sponsors to sign the petition so there can be a vote on this bill.
The Senate already passed the STOCK Act — so now it is even more critical that the House acts quickly so that this important legislation becomes law.
With extreme right-wing Republican leadership like Reps. Eric Cantor and John Boehner at the helm of the House of Representatives, we need as many representatives as possible to sign the discharge petition to ensure that this legislation can be voted on.
Stopping insider trading by members of Congress isn't a partisan issue. There are already 97 Republicans who are co-sponsors of the legislation and the legislation passed with nearly unanimous support in the Senate. Every member of Congress should recognize that they should be held accountable to the same laws as their constituents and support this bill.
It's time to ban insider trading in the halls of Congress. And we need you to tell Rep. Meehan to sign on to allow a vote on this bill.
Tell Rep. Meehan to allow a vote on the STOCK Act to make it illegal for members of Congress to engage in insider trading.
Click below to automatically sign the petition:
http://act.credoaction.com/r/?r=5530470&id=34646-3441008-gXR3CGx&t=9
http://act.credoaction.com/r/?r=5530470&id=34646-3441008-gXR3CGx&t=9
Thank you for taking action.
Ali Rozell, Campaign Manager
CREDO Action from Working Assets
CREDO Action from Working Assets
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