Today, April 4th, President Obama signed the Stop Trading on Congressional Knowledge Act, intended to ban insider trading on Capitol Hill. I’ve not yet read the final law but if it follows the early House version, it will require Senior Washington Officials to live by the same rules by which taxpayers are bound.
Obama thanked the members of Congress for working together to write and pass this law. He said, “it shows that when an idea is right that we can still accomplish something on behalf of the American people and to make our government and our country stronger.”
Assuming the Act truly does set the same standard for Washington Officials as regular Americans, this is a step in the right direction and Mr. Obama was right to sign it.