Barack Obama wants to ban Congressional insider trading

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Barack Obama announced his support for a ban on insider trading by Members of Congress.

Click on continue reading for an email from his team asking for help to support this initiative.

The Senate has voted to end this corrupt practice. Will the House Act?

I am asking the candidates for Congress from Ventura County if they support this bill. I will post the replies from the candidates as they come in.

David Pollock was the first to reply:

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David Cruz Thayne also quickly replied:

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I will post the replies of the other candidates when they answer the question.

Brian --

Right now, members of Congress can make personal investment decisions based on confidential information they get in the course of regulating industries and doing their work.

It's kind of unbelievable that this isn't already illegal. President Obama wants to make it illegal once and for all -- no one should profit from inside information about the very businesses they're supposed to be regulating.

Today, the Democratic leadership in the Senate voted to move forward on a bill to extend to Congress the same strict rules that apply to anyone else whose job gives them access to sensitive information about businesses. This legislation is expected to pass the Senate with bipartisan support later this week.

But Republicans in the House have yet to move on it.

There aren't a lot of good reasons to disagree with this bill. So the question here isn't how many people we have to persuade, but simply how loudly we can speak up to prevent the House Republicans from dodging this issue.

Say you support the President on banning insider trading in Congress:

http://my.barackobama.com/Ban-Insider-Trading-in-Congress

Thanks, and stay tuned,

James

James Kvaal
National Policy Director
Obama for America

1 Comments

Only public confidence that legislators can't profit from non-public information enables the effective functioning of government.This is a basic issue of trust.

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Brian Dennert here

This blog is devoted to the nuts and bolts of local politics.

Have some political Info you want released? Let me know! I want to publicize fundraisers, parties, Web sites, meetup.com events and anything else happening in Ventura County. So, send them to briandennert@yahoo.com.

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