Common Cause > Take Action > Close insider trading loopholes: Pass the STOCK Act!
Close the loopholes in insider trading laws: Pass the STOCK Act! A recent 60 Minutes piece showed that members of Congress can use the non-public information that they have access to as part of their jobs to make investments and stock market moves. It's called political insider trading – and it ought to be a crime. Our representatives shouldn't be able to amass personal fortunes by trading on non-public knowledge that could affect the future price of stocks. The STOCK (Stop Trading On Congressional Knowledge) Act, which has been introduced in both the House and Senate and has bipartisan support, would outlaw insider trading by members of Congress. Tell your Representatives and Senators that you want to see this bill come up for a vote before they adjourn in December! (December 12 update: This bill now has more than 220 co-sponsors in the House -- a majority -- so there is no reason for delay.) Take Action Message Recipients Your Federal Senator(s) Email Your Federal Representative(s) Email Review the Message A sample letter appears below, but a message written in your own words will be even more effective. Subject:* Dear (recipient name), It's outrageous that the insider trading laws that apply to nearly every other investor in this country do not apply to members of Congress and their staffers. Fortunately, there is a fix: The STOCK (Stop Trading On Congressional Knowledge) Act, H.R. 1148 / S. 1871. I strongly urge you not only to support this important legislation, but also to work aggressively to bring it to a vote before Congress adjourns this December. This bill is a crucial step towards restoring the American people's faith in our elected leaders. Thank you. You will receive an email confirming that your message was sent. Check the box if you would also like to receive a copy of this letter. Your Information *Required Fields First Name* Last Name* Address Line 1* Address Line 2 City* State* Please make a selection Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming American Samoa Armed Forces Americas Armed Forces Europe Armed Forces Pacific F.S. Micronesia Guam Marshall Islands Northern Mariana Islands Palau Puerto Rico Virgin Islands Not in USA ZIP/Postal Code* Country* Please make a selection Afghanistan Albania Algeria American Samoa Andorra Angola Anguilla Antarctica Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Botswana Bouvet Island Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Chad Chile China Christmas Island Colombia Comoros Congo Cook Islands Costa Rica Cote d'Ivoire Croatia Cuba Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guam Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iraq Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kiribati Korea, Republic of Kuwait Kyrgyzstan Latvia Lebanon Lesotho Liberia Liechtenstein Lithuania Luxembourg Macao Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Monaco Mongolia Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands Netherlands Antilles New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palau Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Puerto Rico Qatar Reunion Romania Russian Federation Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Samoa San Marino Saudi Arabia Senegal Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka Sudan Suriname Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Holy See (Vatican City State) Venezuela, Bolivarian Republic of Viet Nam Virgin Islands, British Virgin Islands, U.S. Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe Email* Click Submit Button:
A recent 60 Minutes piece showed that members of Congress can use the non-public information that they have access to as part of their jobs to make investments and stock market moves. It's called political insider trading – and it ought to be a crime. Our representatives shouldn't be able to amass personal fortunes by trading on non-public knowledge that could affect the future price of stocks. The STOCK (Stop Trading On Congressional Knowledge) Act, which has been introduced in both the House and Senate and has bipartisan support, would outlaw insider trading by members of Congress. Tell your Representatives and Senators that you want to see this bill come up for a vote before they adjourn in December! (December 12 update: This bill now has more than 220 co-sponsors in the House -- a majority -- so there is no reason for delay.)
A sample letter appears below, but a message written in your own words will be even more effective.
*Required Fields