From the office of Rep. Timothy Johnson (R, 15th District)…
Washington, D.C. – U.S. Rep. Timothy V. Johnson issued the following statement following the Senate’s passage of the House version of the STOCK Act prohibiting insider trading by members of Congress.
“This is good news obviously, even if its six years later than it need be,” Rep. Johnson said. “Members of Congress are not above the law. In fact, we should be held to a higher standard in all ethical regards because of the positions of trust people have elected us to.”
Rep. Johnson was among a handful of original cosponsors when the STOCK Act was first introduced in 2006. The legislation failed to get out of committee at the time and only gained traction after a “60 Minutes” episode last year revealed questionable insider trading by members and leadership from both parties.
Rep. Johnson has also introduced or cosponsored legislation extending a prohibition on lobbying by former members of Congress, legislation cutting members’ pay and time spent in session, and legislation putting a moratorium on members’ travel.
“We are in the business of public service, plain and simple. Members of Congress who seek private gain in any form as a result of their election should not be tolerated,” Rep. Johnson said.