PODCAST: Peter Schweizer | Senate to Vote on STOCK Act This Week

Session host: Stephen K. Bannon | Session guest: Peter Schweizer

Author of Throw Them All Out, Peter Schweizer on The Victory Sessions discussing President Obama’s “State of the Union’ request for Congress to send him a Bill to make congressional insider trading illegal and to adopt another reform mentioned in Throw Them All Out; to place restrictions on stock transactions by Congressmen.  FULL INTERVIEW!

By Wynton Hall

Breitbart editor Peter Schweizer’s battle against congressional insider trading will enter a critical phase this week as the Senate is set to vote on a bill banning members of Congress from using material, nonpublic information to make private investments.

From USA Today:

Aware that most Americans would like to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring they disclose stock transactions within 30 days.

 

A procedural vote Monday would allow the Senate later this week to pass a bill prohibiting members of Congress from using nonpublic information for their own personal benefit or “tipping” others to inside information that they could trade on.

The Senate is considering passage of the STOCK (Stop Trading On Congressional Knowledge) Act, which would ban members of Congress and their staffs from engaging in insider trading and would include a 30 day reporting requirement on all investments.  The Senate version of the bill is cosponsored by Sens. Scott Brown (R-MA) and Kirsten Gillibrand (D-NY).  Prior to Peter Schweizer’s book Throw Them All Out and the 60 Minutes report based on his book, the STOCK Act had only four cosponsors in Congress.   Now, the bill has 230 cosponsors.

After President Barack Obama urged Congress to ban insider trading in his State of the Union speech, Sen. Brown approached the President and said “the insider trading bill’s on Harry’s [Sen. Harry Reid (D-NV)] desk right now.  Tell him to get it out, it’s already there.”   President Obama replied:  “I’m gonna tell him. I’m gonna tell him, I’m gonna tell him to get it done.”

via Big Government.

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