Today, the House Financial Services Committee is holding a hearing on the STOCK Act and the general issue of insider trading by Members of Congress. This comes on the heals of a Senate hearing last week. The question now isn’t whether or not Congress will act to stem these abuses, but HOW it acts. Will the law have real teeth and meaningful enforcement mechanisms or will it be window-dressing to “deal with” the issue while maintaining the status quo.
In the clip below Breitbart editor Peter Schweizer, author of the book Throw Them All Out, which first raised this issue, lays out the necessary components of any legislation to prevent insider trading abuses by Congress.