From Katie Porter <[email protected]>
Subject STOCK Act 2.0
Date February 11, 2022 12:46 AM
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[ [link removed] ]Katie Porter for Congress

John,

This week I was proud to introduce the STOCK
Act 2.0 to ban Members of Congress from trading stocks. [ [link removed] ]Check out this
clip of me telling Chris Hayes about this bill:

[ [link removed] ][IMG]

Back in 2012 while I was helping California families navigate the
foreclosure crisis, I saw reports that Members of Congress used the
information they had about the impending crisis for their own financial
gain. 

That’s why that same year, Congress passed the initial version of the
STOCK Act, which prohibits members from making trades based on information
they learn on the job. But recent investigations show that these
provisions don’t go far enough, and too many people of both parties have
violated the existing STOCK Act. Take former Senator Kelly Loeffler for
example: She sold millions of dollars worth of stock after receiving a
Senators-only briefing on COVID-19 in January of 2020. 

Members of Congress shouldn’t be wheeling and dealing for themselves, they
should be working for the American people. Americans deserve to know that
their representatives are working for them. Only about one in four
Americans trust our government to do what’s right, so it’s up to Congress
to earn back their trust and show the people who elected us that we work
for them.

Onward,

Katie Porter

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