They need to provide 7 days advance notice of any potential sale of that stock. That prevents the economic opportunity to benefit from any insider information if they had it. And then finally, It has significant and real penalties associated with it to make sure people comply. At the end of the day, the American people should know that their member of Congress is here working on Capitol Hill on their behalf, not trying to profit off of the information they garner while working here. (00:54–01:00)
CLAIM
Asserts that the bill includes penalties to ensure compliance.
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