December 13th, 2011
07:00 PM ET

Tonight on AC360: Congressional insider trading bill

Two weeks ago Anderson reported on how lawmakers were tackling insider trading accusations within their ranks. Tonight, an update on the STOCK Act, a bill that would prohibit members of Congress from buying and selling stock using nonpublic information. Where is that legislation now? AC360 is Keeping Them Honest at 8 p.m. ET.

Filed under: Keeping Them Honest
soundoff (16 Responses)
  1. Emile Mooser

    Anderson Coopers report (following the 60 Minut expose) on the Congressional inside trading bill, was great, got them all scrambling to cover their butt. It is about time that the public is made aware of how broken our system is. Instead of spreading our armed crusade for democracy around the world, we should fix our own!

    December 14, 2011 at 12:07 pm |
  2. Paul Adams

    I thought that the British rule was overthrown because the citizens of North America did not want to pay hommage to a British ruling class, the British aristocracy... but what is happening is that the capiatlist society here in North America is creating a privaleged ruling class by passing legislation and tax laws that protect and increase their personal wealth without regard to the average person on main street. How can elected officials pass legislation that is so self serving? The defnintion of this special "class" of citizens of the USA as written in the legislation needs to be published for all to see! No person who calls themself a citizen of the USA should consider themselves above the law that should apply to all. If you dont agree with that statement, then you are fueling a ruling class not that different from what existed in the old world order of Kings and Queens... its only a matter of time! A ticking time bomb for sure.

    December 13, 2011 at 10:53 pm |
  3. jerrine

    We do need to find a way to get all folks to be equal on what is done...insider trading, taxing for the rich, inequality in this country...amazing and embarrassing that we have allowed all this to happen.

    December 13, 2011 at 10:42 pm |
  4. Nancy

    I'd like you to question a legal expert on the potential influence of a class-action law suit by citizen's who want to challenge the legality of what Congress is doing regarding insider trading. They should be made to share all their gains with those of us who were NOT privy to the advanced information.

    December 13, 2011 at 10:40 pm |
  5. Geoffgw

    Dear Anderson,
    I am 54 years old and just when I thought my opinion of Congress could go no lower than my current all-time low, I hear about the fact that Congress will not pass a bill making insider trading illegal for Congressional members. The stories you are telling and the story on 60 Minutes tell us everything we need to know about the arrogance of political Washington. Please stop talking about Sandusky and focus on this issue and stay with it until we make insider trading illegal for Congress, just like it is for every other American citizen. Don't Stop!! YThis is yet another shining example of the pervasive arrogant elitism in our Nation's capital. Both the Occupy and Tea Party movements have it right!
    Geoff Williams
    Raleigh NC

    December 13, 2011 at 10:28 pm |
  6. Bill Miller

    The House never disappoints!! They take care of themselves each and everytime we, the people want the truth and change. Thanks To Eric Cantor foir coming up with legal "garbally gook" to bury stock act.
    I cant beging to tell youj how sick and tried I am of all them. As for me, I will be calling Representative Pete Visclosky office tof find out his position on the bill.

    December 13, 2011 at 10:23 pm |
  7. Al B

    Called my Minnesota rep from Dist8 Chip (if that's his real name) Cravaack about a week ago on this – no response, huh, imagine that?!

    December 13, 2011 at 10:21 pm |
  8. Michael White

    This is a no-brainer and should be passed soon. I commend Anderson and CNN for taking on this issue. This can make a real difference if passed.
    I wrote my representatives and I encourage everyone else to do the same.

    December 13, 2011 at 10:19 pm |
  9. Betty Couture

    Joseph Maingot has written a book called: Politicians Above the Law. If this topic interests you this book is well worth the read....
    This book studies how it came about that three quarters of parliamentarians in the world enjoy parliamentary inviolability, which protects beyond the walls of a parliament, as opposed to parliamentary immunity (privilege) which protects the politicians only while within those walls.

    December 13, 2011 at 10:13 pm |
  10. Antonio

    I really hope that AC will keep the media pressure on this topic hoping that they will not get any break.

    December 13, 2011 at 10:10 pm |
  11. James P. Evanhoe

    My plans as an Independent Voter is to run ads in the San Francisco Bay area calling on Voters to remove Pelosi.
    1. She failed to impeach GW Bush, 2 yrs before the financial collapse. Had she allowed "Our Rights to Impeach"
    to move forward there is a good chance billions would have been saved and millions would have kept their homes
    and jobs. 2. Now "Insider Trading", we will demand she produce all of her Family's Investment Records. If she has
    in fact committed Insider Trading we will file a criminal complaint with the Justice Department and if we have to a Federal
    Suit. The politicians both Democrat and Republicans hung Martha Stewart for Insider Trading "We the People" can 100% hang Congress for corruption and criminal acts. Pelosi is my older brother's good political friend, my brother Michale P. Evanhoe having been the Chief Fundraiser for Northern California for Jerry Brown and Budget Director of Caltrans in the 1970's and early 1980's. But that said Our late Father Carl R. Evanhoe the former Mayor of Stockton California taught us both to fight Public Corruption and in my opinion Pelosi is a prime example of a corrupt publicly elected official. She needs to step down. James P. Evanhoe

    December 13, 2011 at 8:41 pm |
  12. Jonathan Koo

    I thought there were checks and balances put in place when our country was set up, i.e., the three separate branches of government – legislative, judicial, and executive. Why can't the courts/judges say our laws apply to our congress? How can Congress exempt themselves? Isn't it the Supreme Court's duty to say they're exempt or not? Why are we wasting the time waiting for them to pass a law regarding themselves? The law is in place; the question is – Is congress exempt?

    December 13, 2011 at 8:34 pm |
  13. Puente

    AC360 should put up the names/picture of ALL legislators and where they stand on this vote. CNN/AC360 should post it on their site and show every day who is for it or against it. It is very clear than in an election year NO politician wants negative news against them, sadly this seems to be the only way of getting anything done in D.C.

    December 13, 2011 at 8:22 pm |
    • Al B

      Love this Anderson, PLEASE do this!!

      December 13, 2011 at 10:26 pm |
    • sharchall

      We should all call our members of Congress and demand they vote on this legislation. It is really amazing that they feel they are above the law! No wonder so many of them are millionaires in no time at all.

      December 13, 2011 at 10:28 pm |
  14. Stephen Jones

    SimpleSolution – Remember Danforth? Simply require every member of Congress and Senate to put their money in a blind trust before taking the oath of office. No conflict would then be possible.

    December 13, 2011 at 8:17 pm |