Discussion · Senate
Bernie Moreno Republican
“I object to this request. We should vote on the other bill that already passed the House with support from both parties. That bill bans insider trading and requires voter ID, and it can become law right away. This proposal has not gone through committee, has not passed the House, and is just for show.”
“Mr. President, reserving my right to object, the bill that my colleague from Nebraska, my colleague from Ohio, and my colleague from Utah is proposing is a bill that has already passed the House of Representatives. It has massive bipartisan support. Lots of Democrats voted for that in the House. If we pass it, it can become law. Putting that bill on the floor at 60 is a very low-threshold ask. I think the American people deserve to know what each Member of this Chamber decides to do on banning insider trading and voter ID. The proposal that my colleague from California is putting on the floor is a bill that has neither gotten through any committee where it has been actually read by committee members. It is a bill that has not been presented to the House of Representatives, so they would have to take it up over there. It would, of course, be modified and come back. In other words, it is what I say--it is the DC two-step--or if you want to have a headline that says ``I am for banning insider trading’’ knowing nothing will actually happen. Now, maybe you don’t think that the bill that my colleague from Nebraska worked diligently on is perfect, but it is a massive step in the right direction. This would get us to 99.9 percent of the way there on banning insider trading. It could happen tomorrow. It could happen tomorrow. And the voter ID law, which virtually all Americans support, could happen tomorrow. So what we are dealing with is one bill that can be signed into law that has been vetted, that has massive bipartisan support, versus a bill that, quite frankly, the person talking about it wasn’t even on that committee, is not 100 percent sure what was in that bill, doesn’t know the history of the bill. It wasn’t a year ago; it was a few months ago. It is a smokescreen, and for that reason I object.”
Mr. President, reserving my right to object, the bill that my colleague from Nebraska, my colleague from Ohio, and my colleague from Utah is proposing is a bill that has already passed the House of Representatives. It has massive bipartisan support. Lots of Democrats voted for that in the House. If we pass it, it can become law. Putting that bill on the floor at 60 is a very low-threshold ask. I think the American people deserve to know what each Member of this Chamber decides to do on banning insider trading and voter ID. The proposal that my colleague from California is putting on the floor is a bill that has neither gotten through any committee where it has been actually read by committee members. It is a bill that has not been presented to the House of Representatives, so they would have to take it up over there. It would, of course, be modified and come back. In other words, it is what I say--it is the DC two-step--or if you want to have a headline that says ``I am for banning insider trading’’ knowing nothing will actually happen. Now, maybe you don’t think that the bill that my colleague from Nebraska worked diligently on is perfect, but it is a massive step in the right direction. This would get us to 99.9 percent of the way there on banning insider trading. It could happen tomorrow. It could happen tomorrow. And the voter ID law, which virtually all Americans support, could happen tomorrow. So what we are dealing with is one bill that can be signed into law that has been vetted, that has massive bipartisan support, versus a bill that, quite frankly, the person talking about it wasn’t even on that committee, is not 100 percent sure what was in that bill, doesn’t know the history of the bill. It wasn’t a year ago; it was a few months ago. It is a smokescreen, and for that reason I object.