A broken leg kept Western New York Rep. Louise Slaughter from attending the presidential signing of a bill she championed that prohibits insider trading among members of Congress and other federal employees.
President Obama cited Slaughter by name during a signing ceremony today for the the Stop Trading on Congressional Knowledge Act, lauding her six-year effort in getting the bill passed.
"She first introduced the STOCK Act in 2006 and I know how proud she is to see this bill that she championed finally become law," President Obama said.
A version of Rep. Louise Slaughter’s Stop Trading on Congressional Knowledge, or STOCK, Act, which is aimed at ending insider trading in Congress, is on its way to President Obama’s desk for his signature.
The Senate approved the legislation by a voice vote of 96-3 Thursday afternoon.
Slaughter first introduced the measure six years ago, but it failed to gain traction until the CBS show 60 Minutes aired a piece on it last fall. Hundreds of sponsors soon signed on and the bill passed in the House overwhelmingly last month.