Legislation renaming the Stop Trading on Congressional Knowledge (STOCK) Act of 2012 after the late Congresswoman Louise Slaughter has passed in the Senate.
The STOCK act prohibits congressional members and staff from using nonpublic information to make a profit. The act has passed the House and Senate and is expected to be signed into law shorty.
Senators Schumer and Gillibrand, who announced the passage of the legislation Friday, said Congresswoman Slaughter was “a tireless fighter for Congressional ethics and integrity and was the original author of the STOCK act.”
“The renaming of the landmark STOCK Act after Congresswoman Slaughter, which she authored and shepherded to passage, is a fitting way to commemorate her permanent status as a champion of democracy and integrity and undoubtedly one of the true trailblazers in Congress,” said Senator Schumer in a press release.
Louise Slaughter served in the United States House of Representatives for 30 years in New York’s 30th, 28th, and 25th Districts, which included most of Rochester and Monroe County.