stock act

WBFO News file photo

An investigation of Rep. Chris Collins has moved to the House Ethics Committee, after a review by the Office of Congressional Ethics. The person who filed the original complaint against the Clarence Republican said this shows there will be a deeper dive into the congressman's investments.

President Obama signs Slaughter's STOCK Act

Apr 4, 2012

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.

Western New York Rep. Louise Slaughter is recovering from a broken leg.

Slaughter, 82, was attending an event in New York City honoring women leaders in public service when she accidentally fell and broke her leg.

A statement issued by her office says the congresswoman is in "good spirits" and her doctors indicate she will be back at work when the House of Representatives reconvenes April 16.

However, Slaughter says she is disappointed that she will not be able to attend Wednesday's signing of the STOCK Act with President Barack Obama. 

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.