The Hill News

Rep. Darrell Issa (R-Calif.) on Wednesday said there need to be "clear rules of the road" about what's unethical regarding so-called "insider trading" of information by Congress.

A CBS report that Issa called "appropriately concerned" last weekend alleged House leaders, including Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.), are getting rich by trading stock based on information they access through their positions in Congress. Such a practice, which has been denied by Boehner and Pelosi, is not technically against the law. Issa noted that most accountants tell their clients to follow such "technically legal" practices when it comes to stock tradi! ng, but that members of Congress might need additional guidance.

"We do have to have some clear rules about what is unethical if we're going to support that kind of change, and I support that," Issa said on CNBC. "These are ethics changes that we do need to put on ourselves." 

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