We’re bringing some dadgum accountability back to Washington, JOHN.
I just rolled out the Timely Stock Disclosure Act, a common-sense bill that would speed up how quickly folks in Congress (and senior government officials) have to report their stock trades. Right now, they’ve got 30 to 45 days to make their disclosures, but my legislation cuts that timeline down to 15 to 30 days.
Why? Because we work for you, and you deserve to know what’s going on sooner rather than later. The faster the public can view disclosures, the sooner authorities can address any sliver of shady insider trading.
I’m happy to report that the bill unanimously passed through the House Oversight Committee earlier this week. That type of bipartisan support is further proof this is a much-needed step toward some real transparency.
There’s a reason Congress has a dismal 12% approval rating—most Americans see their representatives as corrupt, self-serving, and, frankly, rotten to the core. But can you blame them? You’ve got members on both sides of the aisle using sensitive information to make money hand over fist—and it’s not right.
These folks consistently outperform even the best hedge funds in the stock market, raising serious questions about the intent behind bills we pass: Are they really working for the good of the country—or just for the good of their wallets?
This bill is just a small step in the right direction. I’d like to go even further and put a total ban on members of Congress trading stocks, but we’ve got to eat this hog one bite at a time. We’ll get there when we can!
At the end of the day, public servants should serve the people—not their stock portfolios. I’m here to work for you, and I’ll keep fighting to make sure all your leaders do the same.
