Analysis · Speech on a bill · beta

Pete Ricketts

377 words · 18 sentences · 26 clauses

Statement grade
A+
Average 100 / 100
A score under 50 is red. Choose a measurement to see where it lost points and why; choose it again to clear.
The ask 18%Claims 66%Reasoning 15%Procedure 1%

This view breaks the statement into its steps and names what each one does.

Mr. President, The ask · 25 wordsI rise today to urge my colleagues to vote for the Stop Insider Trading Act that will be voted on a little bit later today. Claims · 31 wordsEighty percent of Americans believe that we do a poor job of separating the inside information that we get from our financial situation, 1and Congress’ approval rating is only 15 percent.2 Reasoning · 24 wordsWhy do Americans have such a lack of faith in our institutions? Well, in part, because of what has happened with trading in Congress. Claims · 28 wordsA former Democrat Speaker of the House was publishing her trades and people were using that as a trading strategy and they were making money off of it.3 Reasoning · 15 wordsJust the appearance of impropriety leads people to a lack of faith in our institutions. Claims · 157 wordsMy Stop Insider Trading Act would help address that. It would prevent anybody who comes into the House or Senate from owning any stock--or rather from buying any stock. You would not be allowed to buy any stock once you come into the House or the Senate.4 And for the stock you already own, if you are going to sell it, you have to give 7 to 14 days’ notice so the market would know that ahead of time and be able to take action, 5if they thought that that Member had inside information. This bill also has penalties to make it stick: a minimum of a $2,000 fine, 6but 10 percent of the proceeds--or 10 percent of the transaction.7 So, for example, say somebody sold a million dollars’ worth of stock without giving the proper notice, that would be a $100,000 fine. On top of that, they would have to give up all of the profits.8 Reasoning · 17 wordsWe need to restore the faith of the American people in the House and in the Senate. Claims · 32 wordsMy Stop Insider Trading Act will help to be able to do this, by letting Americans know that their elected representatives are not using this position for profit but for public service. The ask · 44 wordsI urge my colleagues to support this commonsense legislation, and especially my colleagues on the other side of the aisle who have blocked this in the past.9 Let’s work together to restore Americans’ faith, which is to vote for the Stop Insider Trading Act. Procedure · 4 wordsI yield the floor.Procedure

Analyzed on