November 16, 2011
60 Minutes Story Sparks Examination
WASHINGTON – Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman, ID-Conn., and Ranking Member Susan Collins, R-Maine, announced Wednesday they would hold a hearing to examine how insider trading laws apply to Congress.
“Insider trading by members of Congress – if it occurs — is a serious breach of the public trust,” said Lieberman. “No one in Congress should be enriching themselves based on information to which the general public has no access. Our hearing will set the record straight about how existing laws and ethics rules apply to Congress and whether they are sufficient to prevent unethical market trading.”
“I appreciate Senator Scott Brown’s leadership on this important issue. We need to assure the American people that the decisions we make are decisions of integrity, in which their interests are put first.”