STOCK Act and Fraud: Competing Visions, Common Goal to Address Government Corruption

From The Heritage Foundation:

Government Reform

STOCK Act and Fraud: Competing Visions, Common Goal to Address Government Corruption

by Paul J. Larkin Jr.

The Heritage Foundation

March 09, 2012

Last month, the House and Senate passed, by overwhelming majorities, different versions of a bill entitled the Stop Trading on Congressional Knowledge Act. The bills would acknowledge that the insider trading laws apply to federal officials. The Senate version would also reach other perceived public corruption problems. This Issue Brief discusses the anti-fraud components of the Senate version. Here, too, the House’s policy choice is the better one.

URL: thf_media.s3.amazonaws.com/2012/pdf/ib3534.pdf