What we want to do is prevent them from trading to profit themselves, utilizing information that they gained when they came to Congress. The seven day advance notice does that. In many ways, it mirrors what a lot of publicly traded companies have for their C suite executives. A10B51 plan. We did this and drafted this in a slight parallel to make sure that we're preventing even the appearance of impropriety by members once they arrive here. (03:12–03:21)
CLAIM
Asserts that the 7-day advance notice requirement mirrors practices for C-suite executives in publicly traded companies.
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