U.S. Rep. Tim Walz, D-Minn., will visit the White House on Wednesday to see President Barack Obama sign the Stop Trading on Congressional Knowledge (STOCK) Act into law. The bill, whcih bans insider trading on Capitol Hill, won full Congressional approval last month, years after Walz first introduced the legislation.
"After years of fighting for this commonsense and important reform, I am honored and humbled to be present when the President signs it into law," Walz said in a statement. "It's my sincere hope that this moment of bipartisan cooperation will begin to restore the American people's faith in the work of democracy. Moving forward, Congress should renew this bipartisan spirit and reach across the aisle and work together to solve the most pressing problems facing our country."
President Barack Obama, who called for the passage of Walz's STOCK Act in this State of the Union Address, released a statement after news broke that the bill was headed to his desk. So did Republican Majority Leader Eric Cantor.
"Congressman Walz has been a leader on the STOCK Act," Cantor wrote. "... I particularly want to recognize his willingness to reach across the aisle and keep the lines of communications open as we work to make clear that elected officials abide by the same rules as the American people."
