House Majority Leader Eric Cantor said Monday that he backs more disclosure of lawmakers? finances following a ?60 Minutes? report that included allegations of insider trading by members of Congress.
The segment, which aired Sunday, focused on the stock activities of House Speaker John Boehner (R-Ohio), House Minority Leader Nancy Pelosi (D-Calif.) and House Financial Services Committee chairman Spencer Bachus (R-Ala.) that the report said could constitute ?honest graft? ? a claim that the lawmakers have dismissed.
Continue Reading?I am for increased disclosure,? Cantor, the House?s No. 2 Republican, told reporters Monday. ?If there?s any sense of impropriety or any appearance of that, we should take extra steps to make sure that the public?s cynicism is addressed.?
A bill called the STOCK Act ? short for Stop Trading on Congressional Knowledge Act ? sponsored by Reps. Tim Walz (D-Minn.) and Louise Slaughter (D-N.Y.) would bar lawmakers and federal workers from trading on non-public information that they?ve obtained through their jobs.
Cantor said he wasn?t familiar with the details of that legislation, but said he favors measures that would ?satisfy any kind of perception, reasonable perception of impropriety.?
?We?re not here to be hiding anything,? he said. ?I?ve always been ? when it comes to either financial disclosures or campaign finance disclosures ? very supportive of full disclosure as much as possible so that the public can continue to make their decisions on full airing of the facts.?
Cantor added that he does not actively trade his investment portfolio.
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