Hoeven Votes for Stop Insider Trading Act With Save America Act Provisions

WASHINGTON – Senator John Hoeven issued the following statement after voting for the Stop Insider Trading Act, legislation he is cosponsoring that would help prevent conflicts of interest for lawmakers and enact SAVE America Act provisions requiring voters to provide photo identification when voting in federal elections. “These two priorities have strong support from the American people, and we should pass this legislation,” said Hoeven. “This bill builds on the current law to prevent conflicts of interest for lawmakers, and at the same time, it puts in place common sense SAVE America Act provisions to require voters to show identification when voting in a federal election. It is unfortunate that Democrats are again blocking these priorities.” Stock Trading Prohibitions Prohibits Members of Congress, their spouses, and dependent children from purchasing securities or derivatives of publicly traded companies, while the Member is in federal service. Members who violate the prohibition are subject to a fine of $2,000 or 10% of the transaction value, whichever is greater, along with any net gain realized from the transaction. SAVE America Voter ID Requirements Requires voters to present valid physical photo identification to receive a ballot in federal elections. Accepted IDs include state driver’s license, state-issued photo ID card, U.S. passports, military or veterans’ ID, and Tribal ID. Voters voting by mail are required to either (1) submit a copy of a valid photo ID, or (2) provide last four digits of their Social Security number with an affidavit explaining why they cannot obtain ID, or (3) submit a notarized statement attesting that the individual has personally marked the ballot. -###-