The Power of the Pen: Bills Signed into Law

Statement by the Press Secretary on S. 2038

On Wednesday, April 4, 2012, the President signed into law:

S. 2038, the “Stop Trading on Congressional Knowledge Act of 2012” or the “Stock Act” which prohibits members of Congress, Executive Branch employees, Federal judges, and judicial employees from using nonpublic information derived from their official positions for personal profit; and requires financial forms of certain Federal Government employees to be made available to the public electronically.

President Obama to Sign the STOCK Act

Legislation Was Cited During the 2012 State of the Union Address

WASHINGTON, DC – Tomorrow, Wednesday, April 4, at 11:50 a.m. EST, the President will sign the Stop Trading on Congressional Knowledge (STOCK) Act, which makes clear that Members of Congress are subject to the same insider trading laws that apply to everyone else. This was legislation the President called on Congress to pass in his 2012 State of the Union Address.