1 00:00:04,360 --> 00:00:08,039 Speaker 1: Welcome to New World Podcasts on the iHeart podcast Network. 2 00:00:09,080 --> 00:00:12,680 Speaker 1: I think that we may be surprised by how things 3 00:00:12,760 --> 00:00:17,280 Speaker 1: develop over the next couple months. My sense is that 4 00:00:17,320 --> 00:00:21,800 Speaker 1: the logjam in Congress is beginning to break. That doesn't 5 00:00:21,840 --> 00:00:25,560 Speaker 1: shock me. You know, all these folks, four hundred and 6 00:00:25,560 --> 00:00:29,400 Speaker 1: thirty five House members, one hundred senators, they put their 7 00:00:29,480 --> 00:00:32,960 Speaker 1: name on the line, They campaign in some cases for 8 00:00:33,000 --> 00:00:36,000 Speaker 1: two years or more. They raise and spend a ton 9 00:00:36,040 --> 00:00:40,199 Speaker 1: of money, They endure nasty attacks from their opponents, they 10 00:00:40,280 --> 00:00:43,360 Speaker 1: endure nasty attacks from the news media, and finally they 11 00:00:43,360 --> 00:00:46,960 Speaker 1: get to Congress. They don't want to spend the rest 12 00:00:46,960 --> 00:00:51,120 Speaker 1: of their life doing nothing. That wasn't why they ran. 13 00:00:52,000 --> 00:00:56,040 Speaker 1: They ran because whether they're liberal or conservative, whether they're 14 00:00:56,120 --> 00:01:00,800 Speaker 1: Democrat or Republican, they had real hopes of at something. 15 00:01:01,560 --> 00:01:05,000 Speaker 1: And I think as we've watched the gridlock and the 16 00:01:05,120 --> 00:01:09,360 Speaker 1: nastiness and government shut downs and all the different examples 17 00:01:09,360 --> 00:01:13,760 Speaker 1: of dysfunction, I think gradually a lot of the members 18 00:01:14,000 --> 00:01:17,360 Speaker 1: in both parties, and in both the House and the 19 00:01:17,400 --> 00:01:23,160 Speaker 1: Senate are growing tired of not getting something done. To 20 00:01:23,240 --> 00:01:27,280 Speaker 1: see sort of glimmerings you see various members on a 21 00:01:27,360 --> 00:01:33,400 Speaker 1: bipartisan basis talking about issues, talking about new legislation, developing 22 00:01:33,800 --> 00:01:36,440 Speaker 1: some ability to get in a room and listen to 23 00:01:36,480 --> 00:01:39,600 Speaker 1: each other. You see some of it happening and trying 24 00:01:39,640 --> 00:01:43,000 Speaker 1: to solve the current dilemma in the Senate, where there 25 00:01:43,000 --> 00:01:48,520 Speaker 1: are now apparently real conversations underway between Democrats and Republicans 26 00:01:48,960 --> 00:01:52,480 Speaker 1: on what to do about getting TSA paid and the 27 00:01:52,520 --> 00:01:56,880 Speaker 1: Coastguard paid, and breaking out of this very long shutdown 28 00:01:57,240 --> 00:02:00,920 Speaker 1: as it affected the Department of Homeland Security. You're seeing 29 00:02:00,920 --> 00:02:04,160 Speaker 1: other ideas begin to emerge where people are looking around 30 00:02:04,160 --> 00:02:07,600 Speaker 1: and saying, wait a second, everybody back home once is done, 31 00:02:08,040 --> 00:02:12,120 Speaker 1: why can't we find some way to work together. So 32 00:02:12,200 --> 00:02:16,720 Speaker 1: I wouldn't be at all surprised this summer to see 33 00:02:16,960 --> 00:02:22,040 Speaker 1: a whole range of legislation come pouring through, not all 34 00:02:22,040 --> 00:02:25,960 Speaker 1: of it gigantic, not all of it historic, but building 35 00:02:25,960 --> 00:02:30,320 Speaker 1: blocks steps in the right direction, improvements. And I think 36 00:02:30,360 --> 00:02:34,280 Speaker 1: that the mood in the Congress now is that voting 37 00:02:34,400 --> 00:02:39,679 Speaker 1: yes rather than voting no would be really nice to do. Now. 38 00:02:39,760 --> 00:02:42,960 Speaker 1: I've lived through this myself, after all, in the twenty 39 00:02:43,040 --> 00:02:45,440 Speaker 1: years I was in Congress, we were in the minority 40 00:02:45,480 --> 00:02:48,280 Speaker 1: for sixteen. During the period I was in the minority, 41 00:02:48,680 --> 00:02:51,800 Speaker 1: we had eight years of Reagan, two years of Jimmy Carter, 42 00:02:52,320 --> 00:02:55,839 Speaker 1: four years of George H. W. Bush, and then two 43 00:02:55,919 --> 00:02:59,840 Speaker 1: years of Bill Clinton. So we had both Democrats and Republicans, 44 00:03:00,360 --> 00:03:04,040 Speaker 1: and we had to try to find some way to 45 00:03:04,200 --> 00:03:07,839 Speaker 1: work together to be in a position to get something done, 46 00:03:07,840 --> 00:03:10,120 Speaker 1: and we passed a lot of things. The Americans with 47 00:03:10,160 --> 00:03:14,320 Speaker 1: Disabilities Act, for example, was a bipartisan effort that came 48 00:03:14,400 --> 00:03:17,799 Speaker 1: from people in both parties who felt that you had 49 00:03:17,800 --> 00:03:21,640 Speaker 1: to do something to micate better for people with disabilities. 50 00:03:22,120 --> 00:03:25,040 Speaker 1: So I do think that it's possible that you go 51 00:03:25,160 --> 00:03:29,440 Speaker 1: through periods where people just really do have a deep 52 00:03:29,560 --> 00:03:34,120 Speaker 1: sense of let's instead of finding things to disagree, what 53 00:03:34,200 --> 00:03:36,440 Speaker 1: if we got up in the morning to find things 54 00:03:36,480 --> 00:03:38,720 Speaker 1: that we can agree on. We used to teach our 55 00:03:38,720 --> 00:03:42,200 Speaker 1: members to learn how to say yes if rather than no, 56 00:03:42,400 --> 00:03:45,920 Speaker 1: because just to get them in a rhythm of being positive. 57 00:03:45,960 --> 00:03:48,120 Speaker 1: So if somebody had an idea, your job was to 58 00:03:48,160 --> 00:03:51,840 Speaker 1: say yes, we could do that if, rather than say no, 59 00:03:52,480 --> 00:03:56,640 Speaker 1: we can't do that. Because the difference psychologically was amazing. 60 00:03:57,120 --> 00:03:59,240 Speaker 1: I think the other thing that's happened a lot of 61 00:03:59,320 --> 00:04:02,880 Speaker 1: members have now been there long enough that they're sort 62 00:04:02,880 --> 00:04:05,160 Speaker 1: of talking to each other again. You know, we went 63 00:04:05,160 --> 00:04:08,080 Speaker 1: through a period when I was there when members routinely 64 00:04:08,080 --> 00:04:12,240 Speaker 1: would talk together. They'd routinely go on congressional delegations where 65 00:04:12,280 --> 00:04:16,440 Speaker 1: you'd put half Republican, half Democrat. They'd fly around together. 66 00:04:16,520 --> 00:04:19,040 Speaker 1: They'd talk to each other, they get to know each other. 67 00:04:19,440 --> 00:04:22,240 Speaker 1: When I was speaker, we did events at Hershey Park, 68 00:04:22,560 --> 00:04:25,400 Speaker 1: we did events at the National Zoo, just trying to 69 00:04:25,400 --> 00:04:29,120 Speaker 1: get families together to talk to each other, to learn something. 70 00:04:29,640 --> 00:04:32,120 Speaker 1: Long before I was there, when Bob Michael was the 71 00:04:32,120 --> 00:04:36,960 Speaker 1: Republican leader from Illinois and Danny Rostenkowski was the chairman 72 00:04:37,000 --> 00:04:39,839 Speaker 1: of the Ways and Means Committee, they would drive back 73 00:04:39,880 --> 00:04:43,800 Speaker 1: and forth. Bob led down in Peoria and Danny was 74 00:04:43,839 --> 00:04:47,120 Speaker 1: in Chicago. So they have a common meeting point on 75 00:04:47,200 --> 00:04:49,680 Speaker 1: the Indiana border where they would leave one of their 76 00:04:49,760 --> 00:04:52,800 Speaker 1: cars and they would then drive from that point all 77 00:04:52,839 --> 00:04:56,039 Speaker 1: the way to Washington. Well, over the years they really 78 00:04:56,160 --> 00:05:00,240 Speaker 1: knew each other. In addition, they were big golfers out 79 00:05:00,279 --> 00:05:03,240 Speaker 1: on the golf course together and just be more relaxed, 80 00:05:03,720 --> 00:05:06,080 Speaker 1: be able to chat, to find a way to get 81 00:05:06,120 --> 00:05:10,119 Speaker 1: something done. Now, my sense is we're beginning a little 82 00:05:10,160 --> 00:05:13,640 Speaker 1: bit to drift back towards that that doesn't mean it's 83 00:05:13,640 --> 00:05:17,280 Speaker 1: true of everybody. You're going to have some conservatives who 84 00:05:17,279 --> 00:05:19,400 Speaker 1: are going to want to hide in their corner and 85 00:05:19,680 --> 00:05:23,240 Speaker 1: throw bombs. You're going to have some liberals and radicals 86 00:05:23,440 --> 00:05:25,120 Speaker 1: who are going to want to hide in their corner 87 00:05:25,400 --> 00:05:28,359 Speaker 1: and throw bombs. But in the middle, you may have 88 00:05:28,440 --> 00:05:31,880 Speaker 1: as many as three hundred and fifty members Democrat and 89 00:05:31,960 --> 00:05:35,440 Speaker 1: Republican who would like to work together and would like 90 00:05:35,520 --> 00:05:39,080 Speaker 1: to find a way to get something positive done. That's 91 00:05:39,080 --> 00:05:44,280 Speaker 1: my optimistic view about where we are coming up. We're 92 00:05:44,320 --> 00:05:47,640 Speaker 1: going to talk about the Stop Insider Trading Act proposed 93 00:05:47,640 --> 00:05:50,880 Speaker 1: by Congress and Brian's Style, Chairman of the Committee on 94 00:05:51,000 --> 00:06:00,000 Speaker 1: House Administration. I am really pleased to welcome my guests. 95 00:06:00,600 --> 00:06:05,359 Speaker 1: Congressman Brian's Style. He has represented Wisconsin's first congressional district 96 00:06:05,600 --> 00:06:10,000 Speaker 1: since twenty nineteen, and since twenty twenty three, he has 97 00:06:10,040 --> 00:06:13,120 Speaker 1: served as the Chairman of the Committee on House Administration. 98 00:06:14,000 --> 00:06:18,719 Speaker 1: In January, Chairman Style introduced the Stop Insider Trading Act, 99 00:06:19,240 --> 00:06:23,320 Speaker 1: which will prohibit members of Congress, their spouses and dependent 100 00:06:23,440 --> 00:06:28,400 Speaker 1: children from purchasing publicly traded stock. Congresson Style will welcome 101 00:06:28,760 --> 00:06:30,280 Speaker 1: and thank you for joining. 102 00:06:30,080 --> 00:06:32,920 Speaker 2: Me on newts world speak, your Engrish, thanks for having me. 103 00:06:33,520 --> 00:06:36,719 Speaker 1: When you look at the polling, eighty six percent of 104 00:06:36,760 --> 00:06:41,679 Speaker 1: Americans say members of Congress should not be trading individual stocks. 105 00:06:42,240 --> 00:06:48,599 Speaker 1: That's Democrats, Republicans, Independents all agreeing on something that almost 106 00:06:48,680 --> 00:06:51,880 Speaker 1: never happens. What do you think is behind this level 107 00:06:51,880 --> 00:06:52,560 Speaker 1: of frustration. 108 00:06:53,560 --> 00:06:57,040 Speaker 3: I think it's popular because it's such common sense that 109 00:06:57,240 --> 00:07:00,200 Speaker 3: members of Congress should not be day trading, true eading 110 00:07:00,279 --> 00:07:04,000 Speaker 3: individual shares of stock, even to prevent the appearance of 111 00:07:04,000 --> 00:07:07,240 Speaker 3: an impropriety. And so we all know members of Congress 112 00:07:07,279 --> 00:07:10,160 Speaker 3: that come to Washington have some level of inside information. 113 00:07:10,320 --> 00:07:13,920 Speaker 3: Insider trading is already illegal but difficult to prove. And 114 00:07:13,960 --> 00:07:16,880 Speaker 3: so my solution is, let's just stop members of Congress 115 00:07:16,880 --> 00:07:20,320 Speaker 3: from trading stock in the first place. Let's build the 116 00:07:20,360 --> 00:07:22,800 Speaker 3: process of regaining the American trust. And I think a 117 00:07:22,800 --> 00:07:26,320 Speaker 3: lot of Americans are suspicious for a whole host of reasons. 118 00:07:26,320 --> 00:07:29,640 Speaker 3: And the easy answer here is, let's just wholesale stop 119 00:07:29,640 --> 00:07:32,480 Speaker 3: members of Congress being able to trade individual shares of stock. 120 00:07:33,160 --> 00:07:37,240 Speaker 1: You're clearly on the American people side. There was a 121 00:07:37,280 --> 00:07:40,600 Speaker 1: twenty twenty three survey by the University of Maryland School 122 00:07:40,640 --> 00:07:43,920 Speaker 1: of Public Policy which said that eighty six percent of 123 00:07:43,960 --> 00:07:48,560 Speaker 1: Americans support banning members of Congress from trading individual stocks. 124 00:07:49,120 --> 00:07:52,680 Speaker 1: That included eighty eight percent of Democrats, eighty seven percent 125 00:07:52,720 --> 00:07:55,960 Speaker 1: of Republicans, and eighty one percent of independence. Now, you'd 126 00:07:56,000 --> 00:07:59,360 Speaker 1: think when you had that size consensus, it ought to 127 00:07:59,400 --> 00:08:01,360 Speaker 1: be pretty easy. 128 00:08:01,760 --> 00:08:04,520 Speaker 3: Things that should be easy in Washington are often things 129 00:08:04,560 --> 00:08:08,240 Speaker 3: that are not easy in Washington. Although with this, I 130 00:08:08,240 --> 00:08:11,280 Speaker 3: think we're really building the momentum that's ultimately going to 131 00:08:11,360 --> 00:08:14,360 Speaker 3: be needed. President Trump called this out in his State 132 00:08:14,400 --> 00:08:16,840 Speaker 3: of the Union by name, saying, we need to pass 133 00:08:17,000 --> 00:08:21,160 Speaker 3: this specific piece of legislation. We have growing bipartisan support 134 00:08:21,720 --> 00:08:23,200 Speaker 3: in the House, and we have a commitment from the 135 00:08:23,280 --> 00:08:26,280 Speaker 3: leadership that they're going to bring it to the floor 136 00:08:26,320 --> 00:08:28,920 Speaker 3: of the House. And part of this legislation is to 137 00:08:28,920 --> 00:08:32,640 Speaker 3: make sure that we're balancing two things, one regaining the 138 00:08:32,679 --> 00:08:35,080 Speaker 3: trust of the American people, but two also making sure 139 00:08:35,120 --> 00:08:39,000 Speaker 3: that individuals that come from successful business backgrounds are still 140 00:08:39,000 --> 00:08:41,360 Speaker 3: able to come and serve in Congress. We're benefited by 141 00:08:41,360 --> 00:08:44,120 Speaker 3: having an array of people that come and serve with 142 00:08:44,200 --> 00:08:47,280 Speaker 3: us in Washington, from folks that are farmers, military background, 143 00:08:47,440 --> 00:08:50,360 Speaker 3: or private sector backgrounds. It is my hope that we 144 00:08:50,440 --> 00:08:53,240 Speaker 3: continue to build support for this legislation. We're seeing growing 145 00:08:53,280 --> 00:08:58,040 Speaker 3: support in the United States Senate Senator Pete Ricketts introduced 146 00:08:58,040 --> 00:09:00,880 Speaker 3: this recently in a growing number of sen are joining 147 00:09:01,000 --> 00:09:04,000 Speaker 3: in this effort. I think there's a huge opportunity here 148 00:09:04,040 --> 00:09:07,000 Speaker 3: to make one of the most transformative changes in the 149 00:09:07,080 --> 00:09:10,440 Speaker 3: House as it relates to taking a real step forward 150 00:09:10,960 --> 00:09:13,960 Speaker 3: on the integrity of the Institution and the American people. 151 00:09:14,440 --> 00:09:17,079 Speaker 3: As you noted in some of the polling are unquestionably 152 00:09:17,120 --> 00:09:20,160 Speaker 3: suspicious as to what's going on, and the easy answer 153 00:09:20,320 --> 00:09:21,560 Speaker 3: is just to ban it outright. 154 00:09:22,200 --> 00:09:25,640 Speaker 1: Is the Ricketts Bill, also called Stop Inside Trading. 155 00:09:26,120 --> 00:09:29,000 Speaker 3: Yes, there's the full companion bill to this legislation that 156 00:09:29,040 --> 00:09:31,040 Speaker 3: we started in the House a handful of weeks ago. 157 00:09:31,120 --> 00:09:34,120 Speaker 3: He's been a great partner in the Senate, and I 158 00:09:34,160 --> 00:09:36,960 Speaker 3: think we have a real opportunity to get this across 159 00:09:37,040 --> 00:09:40,440 Speaker 3: the line. And that momentum really picked up when President 160 00:09:40,520 --> 00:09:43,400 Speaker 3: Trump in his State of the Union said he wants 161 00:09:43,520 --> 00:09:46,440 Speaker 3: the Stop Insider Trading Act on his desk so he 162 00:09:46,440 --> 00:09:47,520 Speaker 3: can sign it into law. 163 00:09:48,160 --> 00:09:50,920 Speaker 1: Although I spent twenty years in Congress, I was really 164 00:09:50,960 --> 00:09:54,480 Speaker 1: surprised to read that almost one out of every five 165 00:09:54,559 --> 00:09:58,840 Speaker 1: lawmakers trade stocks connected to the committee they serve on 166 00:10:00,160 --> 00:10:04,400 Speaker 1: to be such a insult to the average American, even 167 00:10:04,440 --> 00:10:07,840 Speaker 1: if it's technically legal, the idea that you're serving on 168 00:10:07,840 --> 00:10:11,559 Speaker 1: a committee, getting briefed by definition, you have a unique 169 00:10:11,640 --> 00:10:15,880 Speaker 1: level of knowledge. You're trading the stock that relates directly 170 00:10:15,880 --> 00:10:19,000 Speaker 1: to your committee mean it strikes me that what you're 171 00:10:19,040 --> 00:10:22,480 Speaker 1: doing in this sense is looking right at a major 172 00:10:22,559 --> 00:10:25,439 Speaker 1: weakness and how the Congress currently operates. 173 00:10:26,200 --> 00:10:30,280 Speaker 3: In twenty twelve, Congress passed the Stock Act, and that 174 00:10:30,400 --> 00:10:34,720 Speaker 3: legislation was a step forward and brought additional transparency is 175 00:10:34,760 --> 00:10:38,240 Speaker 3: to the types of investments that members of Congress own, 176 00:10:38,320 --> 00:10:41,880 Speaker 3: But what it didn't do was actually prevent members of 177 00:10:41,880 --> 00:10:45,080 Speaker 3: congressman being able to trade those individual stocks. So the 178 00:10:45,080 --> 00:10:48,280 Speaker 3: transparency that was passed in twenty twelve was obviously a 179 00:10:48,320 --> 00:10:52,520 Speaker 3: step forward, but left a glaring gap. And this legislation, 180 00:10:52,600 --> 00:10:56,800 Speaker 3: the Stop Insider Trading Act, closes that gap and does 181 00:10:56,840 --> 00:10:59,320 Speaker 3: so in a way that I think will truly regain 182 00:10:59,360 --> 00:11:01,800 Speaker 3: the trust of the American people. And I think people 183 00:11:01,840 --> 00:11:05,240 Speaker 3: are frustrated that members of Congress serve on committees are 184 00:11:05,240 --> 00:11:08,840 Speaker 3: making decisions and they're questioning whether or not those decisions 185 00:11:08,840 --> 00:11:11,200 Speaker 3: are being made and the best interests of the American 186 00:11:11,200 --> 00:11:15,040 Speaker 3: people or the best interest of an individual member from 187 00:11:15,040 --> 00:11:18,640 Speaker 3: a financial perspective, And so let's clean the whole thing up. 188 00:11:18,840 --> 00:11:22,080 Speaker 3: Let's tell the American people members of Congress aren't trading 189 00:11:22,080 --> 00:11:25,360 Speaker 3: stocks in their own personal interest. If an individual wants 190 00:11:25,400 --> 00:11:27,280 Speaker 3: to trade stocks, there's a place for that. 191 00:11:27,360 --> 00:11:28,480 Speaker 2: It's called Wall Street. 192 00:11:28,840 --> 00:11:30,560 Speaker 3: If you want to come to Washington, that's where you 193 00:11:30,600 --> 00:11:34,040 Speaker 3: come to serve the American people. And our bill truly 194 00:11:34,240 --> 00:11:38,160 Speaker 3: bifurcates those two things so that we prevent the suspicion 195 00:11:38,200 --> 00:11:40,600 Speaker 3: that the American people have is to what's going. 196 00:11:40,440 --> 00:11:41,200 Speaker 2: Up in Washington. 197 00:11:41,240 --> 00:11:43,319 Speaker 3: I think a lot of people are frustrated with how 198 00:11:43,400 --> 00:11:47,080 Speaker 3: Washington works. I'm frustrated with how Washington works. And this 199 00:11:47,160 --> 00:11:50,360 Speaker 3: is our real opportunity to start cleaning up this mess. 200 00:11:50,840 --> 00:11:53,800 Speaker 1: Well, I noticed that the reform law they passed in 201 00:11:53,840 --> 00:11:57,000 Speaker 1: twenty twelve, known as the Stock Act, at one level 202 00:11:57,040 --> 00:11:59,720 Speaker 1: is almost silly. It provides for a two hundred dollars 203 00:11:59,760 --> 00:12:03,520 Speaker 1: fine if you're a serious investor and you just made 204 00:12:04,480 --> 00:12:07,600 Speaker 1: some kind of deal off of insider knowledge, A two 205 00:12:07,679 --> 00:12:09,079 Speaker 1: hundred dollars fine is irrelevant. 206 00:12:09,920 --> 00:12:13,160 Speaker 3: Well, you're exactly right, and the irony of that is 207 00:12:13,240 --> 00:12:17,520 Speaker 3: it's uniquely irrelevant for large trades. So if an individual 208 00:12:17,559 --> 00:12:20,520 Speaker 3: is trading fifty dollars of stock and there was a 209 00:12:20,559 --> 00:12:24,280 Speaker 3: two hundred dollars penalty, now that's reasonably significant. But of course, 210 00:12:24,679 --> 00:12:28,360 Speaker 3: if an individual trade fifty million dollars of stock, a 211 00:12:28,360 --> 00:12:32,880 Speaker 3: two hundred dollars penalty is functionally irrelevant. And so what 212 00:12:32,960 --> 00:12:34,960 Speaker 3: we did in our legislation is we looked at that 213 00:12:35,040 --> 00:12:37,480 Speaker 3: and said, how do we balance this back out? We 214 00:12:37,559 --> 00:12:41,680 Speaker 3: put forward a fine of two thousand dollars or ten 215 00:12:41,720 --> 00:12:45,880 Speaker 3: percent of the covered transaction and taking away all the 216 00:12:45,920 --> 00:12:49,520 Speaker 3: profits associated with any sale. And so this comes in 217 00:12:49,559 --> 00:12:52,720 Speaker 3: with some real and substantive teeth. So even if an 218 00:12:52,720 --> 00:12:56,480 Speaker 3: individual was to trade, you know, fifty dollars or fifty 219 00:12:56,600 --> 00:13:00,240 Speaker 3: million dollars, the penalty associated with that is signify Again, 220 00:13:00,240 --> 00:13:02,560 Speaker 3: it rips away all the profits ten percent of the 221 00:13:02,640 --> 00:13:05,760 Speaker 3: value or two thousand dollars, whichever is greater. It puts 222 00:13:05,800 --> 00:13:09,040 Speaker 3: in place real ty so that people are paying attention, because, 223 00:13:09,080 --> 00:13:11,400 Speaker 3: as we all know, you got to not only enforce 224 00:13:11,440 --> 00:13:14,480 Speaker 3: the law, the penalties have to be real, and making 225 00:13:14,520 --> 00:13:17,160 Speaker 3: sure that people abide by this legislation is going to 226 00:13:17,200 --> 00:13:18,560 Speaker 3: be absolutely essential. 227 00:13:20,040 --> 00:13:22,640 Speaker 1: Let me come back. I'm going to discuss how the 228 00:13:22,720 --> 00:13:28,000 Speaker 1: Stop Insider Trading Act actually works and also what the 229 00:13:28,080 --> 00:13:37,120 Speaker 1: listeners can do they'll get it passed. Now, you originally 230 00:13:37,160 --> 00:13:41,920 Speaker 1: propose to Stop Insider Trading Act, exactly, how would they 231 00:13:42,040 --> 00:13:46,559 Speaker 1: Stop Insider Trading Act affect Members of Congress and their families. 232 00:13:47,200 --> 00:13:50,800 Speaker 3: The Stop Insider Trading Act has kind of three key components. 233 00:13:51,040 --> 00:13:55,400 Speaker 3: So one, members of Congress upon arrival can no longer 234 00:13:55,440 --> 00:13:59,679 Speaker 3: buy individual shares of stock period full stop. The acquisition 235 00:13:59,760 --> 00:14:02,400 Speaker 3: is can completely stopped. Then we said, what do we 236 00:14:02,440 --> 00:14:05,600 Speaker 3: do with people that had private sector careers before they 237 00:14:05,640 --> 00:14:09,000 Speaker 3: came in? Maybe that's how they saved for a child's education. 238 00:14:09,400 --> 00:14:11,120 Speaker 3: What do we do with those folks? And we said, okay, 239 00:14:11,200 --> 00:14:14,079 Speaker 3: you can hold that stock, but to prevent you from 240 00:14:14,120 --> 00:14:16,920 Speaker 3: being able to profit off of any insider information, if 241 00:14:16,920 --> 00:14:19,000 Speaker 3: you're going to go sell that stock, you need to 242 00:14:19,040 --> 00:14:23,040 Speaker 3: provide a minimum of seven days advanced public. 243 00:14:22,720 --> 00:14:24,720 Speaker 2: Notice of the sale. What does that do? 244 00:14:25,320 --> 00:14:29,000 Speaker 3: That guts out any opportunity to profit off of any 245 00:14:29,040 --> 00:14:31,880 Speaker 3: insider information because effectively you're going to the American people 246 00:14:31,880 --> 00:14:33,960 Speaker 3: in a public way. This will be posted on the 247 00:14:34,000 --> 00:14:38,400 Speaker 3: clerk's website in saying, look, here is a stock that 248 00:14:38,440 --> 00:14:40,720 Speaker 3: I'm selling. Here's the personal reason. You know, my son 249 00:14:40,800 --> 00:14:43,120 Speaker 3: or daughters who went to college, or they're getting married. 250 00:14:43,600 --> 00:14:46,160 Speaker 3: I'm going to make this sale. And the American people 251 00:14:46,200 --> 00:14:48,600 Speaker 3: now know in advance of you, so they could trade 252 00:14:48,640 --> 00:14:50,960 Speaker 3: in front of you and prevent you from being able 253 00:14:51,000 --> 00:14:53,400 Speaker 3: to profit off of any insider information. And then the 254 00:14:53,440 --> 00:14:57,680 Speaker 3: final piece is that we put real and substantive teeth. Again, 255 00:14:57,760 --> 00:15:00,640 Speaker 3: that's that two thousand dollars fine or the ten percent 256 00:15:01,120 --> 00:15:04,640 Speaker 3: of the covered transaction in whichever is greater. So the 257 00:15:04,720 --> 00:15:07,880 Speaker 3: old bill, as we were discussing, right, it doesn't have 258 00:15:07,960 --> 00:15:10,600 Speaker 3: teeth if you're making big sales, which of course is 259 00:15:10,680 --> 00:15:14,960 Speaker 3: ironic because that's exactly where you want the biggest teeth 260 00:15:15,120 --> 00:15:19,160 Speaker 3: to be. You don't want people making multimillion dollar sales. 261 00:15:19,400 --> 00:15:21,800 Speaker 3: You don't want them doing it at all. But in particular, 262 00:15:21,880 --> 00:15:24,800 Speaker 3: you don't want people doing multimillion dollar sales. And that's 263 00:15:24,800 --> 00:15:27,239 Speaker 3: where putting the teeth as a percentage of the transaction 264 00:15:27,760 --> 00:15:30,520 Speaker 3: as well as ripping away the profits is really important. 265 00:15:30,600 --> 00:15:33,960 Speaker 3: So in summary, right, it bans members from being able 266 00:15:33,960 --> 00:15:36,880 Speaker 3: to acquire stock, gives you an avenue of you already 267 00:15:36,920 --> 00:15:39,120 Speaker 3: had it on how you would get out but requires 268 00:15:39,280 --> 00:15:43,000 Speaker 3: advanced public notice and then puts real and substantive teeth 269 00:15:43,040 --> 00:15:43,600 Speaker 3: with the bill. 270 00:15:43,920 --> 00:15:46,400 Speaker 2: And at the end, it functionally. 271 00:15:46,600 --> 00:15:49,440 Speaker 3: Prevents members of Congress from being able to profit off 272 00:15:49,480 --> 00:15:50,760 Speaker 3: of any insider information. 273 00:15:50,920 --> 00:15:52,240 Speaker 2: And it's a huge step forward. 274 00:15:52,720 --> 00:15:55,720 Speaker 1: I mean, this is a very well thought out bill. 275 00:15:55,920 --> 00:16:00,360 Speaker 1: I'm curious when Trump endorsed it and encourage cong to 276 00:16:00,360 --> 00:16:04,400 Speaker 1: pass the stop insider trading it were you surprised or 277 00:16:04,400 --> 00:16:05,440 Speaker 1: did you know that was coming. 278 00:16:06,040 --> 00:16:08,640 Speaker 3: We had a good suspicion that it was coming. In 279 00:16:08,680 --> 00:16:12,840 Speaker 3: the process of drafting this legislation, gaining support in the House, 280 00:16:12,960 --> 00:16:16,440 Speaker 3: moving it through committee. We had been in close contact 281 00:16:16,600 --> 00:16:19,280 Speaker 3: with the administration. But you know, in a State of 282 00:16:19,280 --> 00:16:22,040 Speaker 3: the Union speech, and in particular with President Trump, you 283 00:16:22,080 --> 00:16:25,800 Speaker 3: never know exactly what he's going to say, which is 284 00:16:25,840 --> 00:16:28,200 Speaker 3: what makes the speech a little bit interesting. I had 285 00:16:28,200 --> 00:16:31,200 Speaker 3: my suspicions that he would call out the topic, but 286 00:16:31,240 --> 00:16:34,160 Speaker 3: when he called out the bill by name, that's where 287 00:16:34,280 --> 00:16:36,880 Speaker 3: you know, I got really excited and said, this is 288 00:16:36,960 --> 00:16:40,240 Speaker 3: really an opportunity for us to truly get this done. 289 00:16:40,720 --> 00:16:44,160 Speaker 3: In a period of time when Congress is so narrowly divided, 290 00:16:44,680 --> 00:16:48,800 Speaker 3: very little legislation that's consequential is able to get across 291 00:16:48,840 --> 00:16:51,800 Speaker 3: the line, and one in particular that every member of 292 00:16:51,880 --> 00:16:53,120 Speaker 3: Congress has. 293 00:16:53,000 --> 00:16:53,960 Speaker 2: An opinion on right. 294 00:16:54,000 --> 00:16:56,680 Speaker 3: It's their own rules and regulations that govern the body, 295 00:16:57,120 --> 00:17:00,320 Speaker 3: and so having President Trump step up behind this bill 296 00:17:00,800 --> 00:17:03,160 Speaker 3: is a huge step forward, and I think gives us 297 00:17:03,160 --> 00:17:06,960 Speaker 3: this opportunity to continue building momentum in the House, and 298 00:17:07,000 --> 00:17:10,439 Speaker 3: we're seeing that momentum also now really begin to grow 299 00:17:10,520 --> 00:17:11,720 Speaker 3: in the United States Senate. 300 00:17:12,240 --> 00:17:15,960 Speaker 1: Given all that, and I think you've done amazingly good, 301 00:17:16,680 --> 00:17:19,640 Speaker 1: solid work, why is it not yet scheduled? 302 00:17:20,840 --> 00:17:23,560 Speaker 3: That's a question that we continue to work with leadership 303 00:17:23,600 --> 00:17:27,439 Speaker 3: on getting bills scheduled and on the floor is a 304 00:17:27,480 --> 00:17:30,359 Speaker 3: real art in a period of time where the majority 305 00:17:30,400 --> 00:17:34,480 Speaker 3: of the House of Representatives is functionally one vote, and 306 00:17:34,560 --> 00:17:36,280 Speaker 3: so we are balancing the schedule. 307 00:17:36,440 --> 00:17:38,200 Speaker 2: The current DHS shutdown. 308 00:17:38,640 --> 00:17:40,720 Speaker 3: If you talk to folks going to the airports, they're 309 00:17:40,720 --> 00:17:43,800 Speaker 3: struggling to get through TSA. That's been the priority in 310 00:17:43,880 --> 00:17:46,240 Speaker 3: the short term. But I do think here in the 311 00:17:46,320 --> 00:17:49,000 Speaker 3: coming weeks, I hope to see the Leader of the 312 00:17:49,000 --> 00:17:51,040 Speaker 3: Speaker bring this to the floor to a vote, and 313 00:17:51,080 --> 00:17:54,080 Speaker 3: I think it'll pass overwhelmingly. I think once you put 314 00:17:54,080 --> 00:17:56,399 Speaker 3: an upper down vote in front of people that the 315 00:17:56,400 --> 00:17:59,639 Speaker 3: American people can see. I think members of Congress are 316 00:17:59,640 --> 00:18:01,760 Speaker 3: going to react recognize that not only is this the 317 00:18:01,880 --> 00:18:04,879 Speaker 3: right thing to do, but also that the American people 318 00:18:04,880 --> 00:18:07,159 Speaker 3: are going to be demanding it of them. And I 319 00:18:07,160 --> 00:18:09,760 Speaker 3: think you'll see this pass and overwhelming numbers and then 320 00:18:09,800 --> 00:18:11,920 Speaker 3: hopefully get across the Senate line as well. 321 00:18:12,240 --> 00:18:15,720 Speaker 1: Sometimes there are issues that come up that are survival issues. 322 00:18:16,280 --> 00:18:19,200 Speaker 1: If you vote wrong, you don't survive. This may well 323 00:18:19,240 --> 00:18:21,840 Speaker 1: be one. Do you have any Democrat co sponsors yet? 324 00:18:22,200 --> 00:18:25,280 Speaker 3: We have a couple Democrats who've come on board with 325 00:18:25,359 --> 00:18:28,359 Speaker 3: this bill. Representative Riley is on board as well as others. 326 00:18:28,800 --> 00:18:31,520 Speaker 3: We've been in lots of discussions and conversations where our 327 00:18:31,560 --> 00:18:35,440 Speaker 3: Democratic colleagues as well. I think there's a real need 328 00:18:35,480 --> 00:18:37,720 Speaker 3: to get this done now. As you know, I mean 329 00:18:37,760 --> 00:18:40,240 Speaker 3: you served a speaker. There's a push always from the 330 00:18:40,280 --> 00:18:45,040 Speaker 3: minority party to find an excuse to vote no, and 331 00:18:45,080 --> 00:18:47,160 Speaker 3: so you know, you can make any argument you want, 332 00:18:47,200 --> 00:18:49,920 Speaker 3: and it's often what I call the Goldilocks argument, which 333 00:18:50,000 --> 00:18:52,159 Speaker 3: is you know, oh it's not quite good enough, or 334 00:18:52,200 --> 00:18:54,879 Speaker 3: oh it does a little too much, it's not quite perfect. 335 00:18:55,440 --> 00:18:56,960 Speaker 2: And what we're trying to say. 336 00:18:56,760 --> 00:18:59,639 Speaker 3: Is this is a meaningful and major step forward in 337 00:18:59,640 --> 00:19:02,520 Speaker 3: the let Some people think, you know, our penalties are 338 00:19:02,560 --> 00:19:05,159 Speaker 3: a little too strong. Some people think our penalties, for example, 339 00:19:05,160 --> 00:19:07,359 Speaker 3: are a little too weak, But you got it at 340 00:19:07,400 --> 00:19:10,600 Speaker 3: some point draw the line. I think when we did this, 341 00:19:10,640 --> 00:19:12,479 Speaker 3: we did this with an eye to not only make 342 00:19:12,520 --> 00:19:15,560 Speaker 3: sure that the bill works, that the bill has teeth, 343 00:19:15,960 --> 00:19:18,439 Speaker 3: but that we can also build the support needed to 344 00:19:18,440 --> 00:19:21,439 Speaker 3: get this done. Often people have come forward with different 345 00:19:21,480 --> 00:19:25,800 Speaker 3: proposals relates to this topic, but they've watched it flounder 346 00:19:26,040 --> 00:19:29,200 Speaker 3: either before I got to committee, before I got the support. 347 00:19:29,720 --> 00:19:32,120 Speaker 2: This is really building up momentum. 348 00:19:32,160 --> 00:19:35,560 Speaker 3: The President is behind it, the American people support it, 349 00:19:35,600 --> 00:19:37,679 Speaker 3: which gives me the optimism that when we bring it 350 00:19:37,720 --> 00:19:40,520 Speaker 3: to the floor, we will see more and more Democrats 351 00:19:40,640 --> 00:19:42,480 Speaker 3: publicly endorse this legislation. 352 00:19:44,000 --> 00:19:46,840 Speaker 1: Coming up, we're going to discuss how the Same America 353 00:19:46,880 --> 00:19:50,560 Speaker 1: Act is a meaningful step towards election integrity and the 354 00:19:50,600 --> 00:19:54,879 Speaker 1: Withhold Members Pay during Shutdown Act, which will prevent members 355 00:19:54,880 --> 00:20:04,000 Speaker 1: of Congress from getting paid during government break. You led 356 00:20:04,040 --> 00:20:07,680 Speaker 1: the efforts to pass the Save America Act when it's 357 00:20:07,760 --> 00:20:10,120 Speaker 1: now still in the Senate, but the House got it there. 358 00:20:10,480 --> 00:20:13,439 Speaker 1: Why do you think this is an important step towards 359 00:20:13,480 --> 00:20:14,480 Speaker 1: election antiquity. 360 00:20:15,119 --> 00:20:19,440 Speaker 3: We have a huge opportunity to strengthen American's confidence in 361 00:20:19,480 --> 00:20:23,080 Speaker 3: our elections. And there's a lot of stuff that needs 362 00:20:23,119 --> 00:20:25,360 Speaker 3: to be done, and I have a piece of legislation 363 00:20:25,400 --> 00:20:28,880 Speaker 3: called the Mega Act. Is a comprehensive array of topics 364 00:20:28,880 --> 00:20:32,000 Speaker 3: that need to be fixed. Two of those topics, making 365 00:20:32,000 --> 00:20:35,159 Speaker 3: sure that only US citizens are voting, that individuals are 366 00:20:35,200 --> 00:20:40,640 Speaker 3: showing voter identification when they go to vote is essential, 367 00:20:41,160 --> 00:20:45,720 Speaker 3: common sense, simple and straightforward. We package that as the 368 00:20:45,760 --> 00:20:49,280 Speaker 3: Save America Act, and the American people get it. They 369 00:20:49,320 --> 00:20:52,359 Speaker 3: know that throughout their daily lives they have to show 370 00:20:52,440 --> 00:20:56,840 Speaker 3: photo identification to do a whole host of common activities that. 371 00:20:56,800 --> 00:20:58,000 Speaker 2: Occur on a daily basis. 372 00:20:58,000 --> 00:20:59,920 Speaker 3: You want to board an airplane, you want to open 373 00:21:00,280 --> 00:21:04,119 Speaker 3: a bank account, you need to have a photo identification. 374 00:21:04,560 --> 00:21:07,240 Speaker 2: You should need a photo ID when you go and vote. 375 00:21:07,480 --> 00:21:11,119 Speaker 3: And the second piece is in particular, after four horrific 376 00:21:11,200 --> 00:21:15,399 Speaker 3: years of the Biden administration allowing open border policies, the 377 00:21:15,440 --> 00:21:18,600 Speaker 3: American people recognize that to register to vote, an individual 378 00:21:19,040 --> 00:21:22,399 Speaker 3: should show that they're a United States citizen. And so 379 00:21:22,600 --> 00:21:25,400 Speaker 3: we put this, working with my colleague and friend, Chip Roy, 380 00:21:25,920 --> 00:21:28,720 Speaker 3: into legislation. We moved it through my committee on the 381 00:21:28,720 --> 00:21:32,720 Speaker 3: Committee on House Administration, and ultimately, I think that the 382 00:21:32,720 --> 00:21:36,439 Speaker 3: American people support this overwhelmingly. And what we see is 383 00:21:36,520 --> 00:21:39,840 Speaker 3: it passing the House Representatives. But at its core is 384 00:21:39,880 --> 00:21:43,720 Speaker 3: that common sense election integrity that will build Americans confidence 385 00:21:43,760 --> 00:21:46,399 Speaker 3: in how our elections operate. And as we saw in 386 00:21:46,440 --> 00:21:50,840 Speaker 3: your home state of Georgia, when you pass election integrity legislation, 387 00:21:51,400 --> 00:21:53,400 Speaker 3: people's confidence in our elections improve. 388 00:21:53,880 --> 00:21:56,680 Speaker 2: And the experience in Georgia taught us a lot of lessons. 389 00:21:56,680 --> 00:21:59,119 Speaker 3: It taught us that although the Left is going to 390 00:21:59,200 --> 00:22:03,159 Speaker 3: demagogue this issue, that what we ultimately can do is 391 00:22:03,200 --> 00:22:03,960 Speaker 3: overcome that. 392 00:22:04,359 --> 00:22:07,560 Speaker 2: Put this law in place, in the law itself. 393 00:22:07,160 --> 00:22:10,080 Speaker 3: As American people actually live under, it will be overwhelmingly 394 00:22:10,200 --> 00:22:13,399 Speaker 3: popular and people have good experiences with their elections, and 395 00:22:13,480 --> 00:22:16,640 Speaker 3: trust in our elections will increase. And what we continue 396 00:22:16,640 --> 00:22:21,080 Speaker 3: to see is participation increasing, is Americans confidence in our 397 00:22:21,119 --> 00:22:23,880 Speaker 3: elections increases, and that's a good thing for our democracy. 398 00:22:24,440 --> 00:22:27,200 Speaker 1: I agree with everything you've said, but it's been fascinating 399 00:22:27,240 --> 00:22:31,360 Speaker 1: to me that when you have an overwhelming supporting Pew 400 00:22:31,440 --> 00:22:35,359 Speaker 1: Research poll in August said eighty three percent of Americans 401 00:22:35,920 --> 00:22:40,119 Speaker 1: favor requiring voters to show government issued photo ID, and 402 00:22:40,160 --> 00:22:42,040 Speaker 1: of course we all do. If you drive a car, 403 00:22:42,440 --> 00:22:44,080 Speaker 1: how you do it for a whole range of things. 404 00:22:44,600 --> 00:22:48,320 Speaker 1: Chuck Schumer, the Democratic Cleveton Center has been just vehemently 405 00:22:48,359 --> 00:22:52,480 Speaker 1: aggressive in opposing this. Why do you think the Democrats 406 00:22:52,800 --> 00:22:54,400 Speaker 1: are so strongly opposed? 407 00:22:55,080 --> 00:22:56,840 Speaker 2: Well, I think there's two things at play. 408 00:22:56,920 --> 00:23:00,960 Speaker 3: One, I think the Democrats want weak election and integrity 409 00:23:01,200 --> 00:23:03,160 Speaker 3: laws to be on the books. I think they've shown 410 00:23:03,200 --> 00:23:07,159 Speaker 3: that time and time again that they are scared of 411 00:23:07,200 --> 00:23:11,240 Speaker 3: having strong election integrity legislation. I think that follows the 412 00:23:11,280 --> 00:23:14,720 Speaker 3: broken border of the Biden administration. The other piece is 413 00:23:14,760 --> 00:23:18,240 Speaker 3: we continue to see what I view as Trump derangement syndrome. 414 00:23:18,280 --> 00:23:21,280 Speaker 3: Meaning if President Trump said the sun is going to 415 00:23:21,359 --> 00:23:24,520 Speaker 3: rise in the east, you will have a group of Democrats, 416 00:23:24,520 --> 00:23:26,919 Speaker 3: and the more radicalized they are, the more likely they 417 00:23:26,920 --> 00:23:29,720 Speaker 3: are to do this. Who will go out and declare 418 00:23:29,800 --> 00:23:31,800 Speaker 3: that there's no way the sun will rise in the east, 419 00:23:31,800 --> 00:23:33,280 Speaker 3: it's coming from some other direction. 420 00:23:33,760 --> 00:23:35,240 Speaker 2: The president would be false. 421 00:23:35,760 --> 00:23:39,440 Speaker 3: And what we ultimately see is the president, in particular 422 00:23:39,480 --> 00:23:42,879 Speaker 3: President Trump, his real strength is always coming back to 423 00:23:43,000 --> 00:23:46,679 Speaker 3: common sense, and that's why the American people support him 424 00:23:46,680 --> 00:23:50,240 Speaker 3: and understand the legislation that we're moving forward in the end, 425 00:23:50,240 --> 00:23:54,720 Speaker 3: then the Democrats will argue against common sense. And that's 426 00:23:54,760 --> 00:23:57,359 Speaker 3: I think, in part what we're seeing in this legislation. 427 00:23:57,400 --> 00:24:01,200 Speaker 3: It's common sense to require photo identification, it's common sense 428 00:24:01,240 --> 00:24:04,440 Speaker 3: that only Americans should vote in elections. But the more 429 00:24:04,560 --> 00:24:08,880 Speaker 3: radicalized Democrats will fight anything that President Trump is working on, 430 00:24:09,359 --> 00:24:12,800 Speaker 3: regardless of how obvious and common sense the legislation is. 431 00:24:13,320 --> 00:24:16,040 Speaker 3: And in a sense, they've boxed themselves into a corner 432 00:24:16,080 --> 00:24:19,360 Speaker 3: on this. So it's a combination of Democrats not wanting 433 00:24:19,640 --> 00:24:22,200 Speaker 3: election integrity legislation on the books at a period of 434 00:24:22,280 --> 00:24:25,800 Speaker 3: time where we've had mass illegal immigration into the United 435 00:24:25,840 --> 00:24:29,880 Speaker 3: States combined with trumped arrangement syndrome. And I think that's 436 00:24:29,880 --> 00:24:32,560 Speaker 3: why the American people look at the Democratic Party and 437 00:24:32,640 --> 00:24:35,280 Speaker 3: can't relate to them. And the polling shows that the 438 00:24:35,359 --> 00:24:39,560 Speaker 3: brand Democrat is absolutely in the garbage. And it is 439 00:24:39,640 --> 00:24:42,600 Speaker 3: because the Democrats will push back against any form of 440 00:24:42,600 --> 00:24:46,159 Speaker 3: common sense legislation from this Save America Act back to 441 00:24:46,600 --> 00:24:50,080 Speaker 3: the Stop Insider Trading Act. And so the more we're 442 00:24:50,080 --> 00:24:52,120 Speaker 3: showing that to the American people, the better we are. 443 00:24:52,480 --> 00:24:55,280 Speaker 3: And the importance of putting this on the floor of 444 00:24:55,320 --> 00:24:58,199 Speaker 3: the House, having it passed, and ultimately hopefully getting it 445 00:24:58,240 --> 00:25:01,600 Speaker 3: across the line of the Senate will just absolutely prove 446 00:25:01,720 --> 00:25:05,440 Speaker 3: how ridiculous the Democrat's position is in this regard. 447 00:25:06,320 --> 00:25:08,560 Speaker 1: What you're doing, I think is important, but you're also 448 00:25:08,640 --> 00:25:12,320 Speaker 1: doing something else which is really meddling, and which I 449 00:25:12,359 --> 00:25:15,879 Speaker 1: think the average American things is exactly right, and that 450 00:25:16,000 --> 00:25:20,480 Speaker 1: is working with Senator John Kennedy. You introduced the withhold 451 00:25:20,520 --> 00:25:23,600 Speaker 1: members paid during shutdown walk us through. 452 00:25:23,640 --> 00:25:27,960 Speaker 3: Then, well, I think the entire spending process in Washington 453 00:25:28,119 --> 00:25:31,919 Speaker 3: is absolutely broken. I think that's proven itself since the 454 00:25:31,960 --> 00:25:35,280 Speaker 3: original legislation of which we operate was passed in nineteen 455 00:25:35,320 --> 00:25:38,040 Speaker 3: seventy four. Then you get into the processes of saying 456 00:25:38,040 --> 00:25:40,560 Speaker 3: how do we fix this in One thing to me 457 00:25:40,680 --> 00:25:44,640 Speaker 3: stands out that members of Congress under the Constitution are 458 00:25:44,640 --> 00:25:47,800 Speaker 3: being paid even if there is a government shutdown. So 459 00:25:47,840 --> 00:25:52,159 Speaker 3: while countless American workers are required to show up to 460 00:25:52,200 --> 00:25:55,680 Speaker 3: work without pay during a shutdown, members of Congress, unless 461 00:25:55,720 --> 00:26:00,680 Speaker 3: they withhold their pay, continue to receive their income. Legislation 462 00:26:00,760 --> 00:26:05,600 Speaker 3: with holding members pay in conjunction with Senator Kennedy's says, look, 463 00:26:05,880 --> 00:26:09,720 Speaker 3: members of Congress should not receive pay if the members 464 00:26:09,760 --> 00:26:13,040 Speaker 3: of the federal government are required to show up for 465 00:26:13,119 --> 00:26:16,120 Speaker 3: work and not receive their pay. So a pertect example 466 00:26:16,160 --> 00:26:18,399 Speaker 3: of this is TSA agents, I think, as we all know, 467 00:26:18,440 --> 00:26:22,479 Speaker 3: across the country for weeks haven't received the pay that 468 00:26:22,520 --> 00:26:25,119 Speaker 3: they're owed for showing up to work. They're required to 469 00:26:25,119 --> 00:26:28,160 Speaker 3: show up for work, and so we have a situation 470 00:26:28,160 --> 00:26:31,560 Speaker 3: where members of Congress aren't getting paid TSA agents are 471 00:26:31,960 --> 00:26:34,399 Speaker 3: And if I think in my legislation passed, we moved 472 00:26:34,440 --> 00:26:36,920 Speaker 3: it again, we moved it through the Committee on House 473 00:26:36,960 --> 00:26:40,560 Speaker 3: Administration is ready for floor action. The Senate is moving 474 00:26:40,640 --> 00:26:44,600 Speaker 3: through Senator Kennedy's legislation on this. If we pass this 475 00:26:44,760 --> 00:26:47,800 Speaker 3: into law, I think you would be shocked, or maybe 476 00:26:47,840 --> 00:26:51,200 Speaker 3: not shocked, is to how fast members of Congress would say, 477 00:26:51,240 --> 00:26:54,320 Speaker 3: all right, let's get everybody in the room, let's sit down, 478 00:26:54,440 --> 00:26:57,480 Speaker 3: let's negotiate this, let's get a deal, and let's move forward. 479 00:26:57,800 --> 00:27:01,080 Speaker 3: And the American people are sick and tired of watching 480 00:27:01,119 --> 00:27:05,479 Speaker 3: Congress fail to operate in any efficient or effective manner. 481 00:27:05,680 --> 00:27:07,639 Speaker 3: And I think this is a really important step in 482 00:27:07,680 --> 00:27:10,560 Speaker 3: a way to align members of Congress with every other 483 00:27:10,560 --> 00:27:14,480 Speaker 3: federal employee, but also to force members of Congress to 484 00:27:14,520 --> 00:27:18,000 Speaker 3: actually show up, do their job and get the legislation 485 00:27:18,200 --> 00:27:21,800 Speaker 3: to fund the Department of Homeland Security across the line, 486 00:27:21,920 --> 00:27:24,840 Speaker 3: or in any other future potential shutdown. 487 00:27:25,840 --> 00:27:30,240 Speaker 1: I do think people have this sense of profound unfairness 488 00:27:31,200 --> 00:27:34,080 Speaker 1: that everyday folks, I mean, people who just got up 489 00:27:34,080 --> 00:27:35,520 Speaker 1: in the morning, I want to go do their job. 490 00:27:36,000 --> 00:27:39,800 Speaker 1: They're not getting paid, but the people whose failure to 491 00:27:39,880 --> 00:27:43,560 Speaker 1: pass the legislation are getting paid. There is, I think, 492 00:27:43,560 --> 00:27:46,920 Speaker 1: in that sense, in recent years, as we've gotten into 493 00:27:46,960 --> 00:27:50,840 Speaker 1: more and more of these shutdown environments, a growing sense 494 00:27:50,880 --> 00:27:54,400 Speaker 1: that somehow Congress has to feel the pain as well 495 00:27:54,400 --> 00:27:57,800 Speaker 1: as the others. I have to say, Brian, you come 496 00:27:57,840 --> 00:28:02,440 Speaker 1: from a state Wisconsin. We had a very deep reform 497 00:28:02,520 --> 00:28:06,040 Speaker 1: tradition going back to Lafallette at the turn of the 498 00:28:06,240 --> 00:28:09,199 Speaker 1: nineteenth to twentieth century, and it seems to me that 499 00:28:09,240 --> 00:28:13,359 Speaker 1: the bills you're doing are very much and kind of 500 00:28:13,400 --> 00:28:18,399 Speaker 1: a Wisconsin good government approach. They're not Republican, they're not 501 00:28:18,760 --> 00:28:23,920 Speaker 1: conservative in an ideological sense. They're just sound, decent approaches 502 00:28:24,359 --> 00:28:28,480 Speaker 1: to trying to get to a more responsible, a more honest, 503 00:28:28,880 --> 00:28:31,399 Speaker 1: and a more accountable government. I'm just curious, I mean 504 00:28:31,440 --> 00:28:34,119 Speaker 1: to what extent do you see yourself in that way 505 00:28:34,480 --> 00:28:37,040 Speaker 1: sort of carrying on a Wisconsin tradition. 506 00:28:37,920 --> 00:28:41,040 Speaker 3: I think there is a Wisconsin tradition of making sure 507 00:28:41,080 --> 00:28:45,120 Speaker 3: that government is transparent, it's clean, and it's operating on 508 00:28:45,240 --> 00:28:48,640 Speaker 3: behalf of the people who is structured to serve. And 509 00:28:48,720 --> 00:28:51,280 Speaker 3: I think there is a broad frustration across the country 510 00:28:51,680 --> 00:28:55,120 Speaker 3: with how Washington is operating, that Washington is there to 511 00:28:55,240 --> 00:28:58,640 Speaker 3: serve its own special interests rather than to serve the 512 00:28:58,680 --> 00:29:02,360 Speaker 3: American people. And left a private sector career to come 513 00:29:02,400 --> 00:29:05,120 Speaker 3: and serve the American people. And there's time and again 514 00:29:05,200 --> 00:29:07,200 Speaker 3: where you look at the structure and the system in 515 00:29:07,320 --> 00:29:10,880 Speaker 3: Washington and you think there's an absolute need for massive improvement. 516 00:29:10,920 --> 00:29:13,840 Speaker 3: And there is a tradition from my home state of Wisconsin. 517 00:29:13,880 --> 00:29:16,840 Speaker 3: In this regard. I gained the chairmanship and the Committee 518 00:29:16,880 --> 00:29:22,080 Speaker 3: of House Administration, which sets up legislation in this avenue. 519 00:29:22,120 --> 00:29:25,200 Speaker 3: It gives me the opportunity to come in on election integrity, 520 00:29:25,200 --> 00:29:29,080 Speaker 3: where we have jurisdiction on withholding member pay. I'm preventing 521 00:29:29,120 --> 00:29:32,320 Speaker 3: members from trading stock and coming in and putting real 522 00:29:32,400 --> 00:29:35,960 Speaker 3: teeth into the institution. Sometimes that doesn't make me the 523 00:29:36,000 --> 00:29:39,280 Speaker 3: most popular person in Washington. DC, and I'm just fine 524 00:29:39,320 --> 00:29:41,719 Speaker 3: with that. I'm more excited at friends in Wisconsin than 525 00:29:41,760 --> 00:29:44,840 Speaker 3: in Washington, and so this is a talent that needs 526 00:29:44,840 --> 00:29:47,440 Speaker 3: to be cleaned up. There's real substance of problems with 527 00:29:47,520 --> 00:29:52,640 Speaker 3: how Washington operates, and bringing a Wisconsin common sense perspective 528 00:29:52,840 --> 00:29:54,120 Speaker 3: is something that I'm proud to do. 529 00:29:54,560 --> 00:29:55,840 Speaker 1: You know, in a lot of ways, you remind me 530 00:29:55,880 --> 00:29:59,560 Speaker 1: of Ron Johnson, who is frustrated at times in the Senate. 531 00:30:00,000 --> 00:30:04,200 Speaker 1: It has that same Wisconsin focus on good government and 532 00:30:04,240 --> 00:30:07,080 Speaker 1: desire to actually get something done. The two of you, 533 00:30:07,440 --> 00:30:10,600 Speaker 1: I suspect when you have lunch or breakfast, must have 534 00:30:10,680 --> 00:30:13,360 Speaker 1: a lot of common thoughts about what needs to be 535 00:30:13,400 --> 00:30:14,400 Speaker 1: fixed in Washington. 536 00:30:15,280 --> 00:30:16,520 Speaker 2: We absolutely do. 537 00:30:16,680 --> 00:30:18,920 Speaker 3: And the irony is both of us came from a 538 00:30:18,960 --> 00:30:21,760 Speaker 3: manufacturing background, him a little bit later in his career 539 00:30:21,800 --> 00:30:24,160 Speaker 3: than I when we left to come in and serve 540 00:30:24,240 --> 00:30:27,560 Speaker 3: in Washington. But I think there's just a pragmatic, common 541 00:30:27,600 --> 00:30:30,520 Speaker 3: sense understanding of how you get things done. If you've 542 00:30:30,560 --> 00:30:33,880 Speaker 3: ever worked in the broader manufacturing sector, you can't sit 543 00:30:34,080 --> 00:30:36,720 Speaker 3: and have philosophical fights in a factory if you're not 544 00:30:36,800 --> 00:30:39,800 Speaker 3: producing a product on time of high quality. And if 545 00:30:39,840 --> 00:30:41,800 Speaker 3: we look at Washington and we look at a lot 546 00:30:41,800 --> 00:30:45,480 Speaker 3: of legislation, in particular how we spend money. I think 547 00:30:45,520 --> 00:30:48,560 Speaker 3: almost no one from any ideological perspective would say, Man, 548 00:30:48,600 --> 00:30:51,560 Speaker 3: this is a well oiled machine that's working well, that's 549 00:30:51,600 --> 00:30:55,840 Speaker 3: serving the American people. The manufacturing mindset says, go back 550 00:30:55,880 --> 00:30:58,760 Speaker 3: and look at the system and the process that. 551 00:30:58,600 --> 00:30:59,680 Speaker 2: You're engaged in. 552 00:30:59,680 --> 00:31:01,520 Speaker 3: In his that part of the problem, and I would 553 00:31:01,520 --> 00:31:05,040 Speaker 3: say absolutely yes, And some of these reforms go back 554 00:31:05,080 --> 00:31:08,000 Speaker 3: at that core process. How do we fix the incentive 555 00:31:08,040 --> 00:31:11,080 Speaker 3: structure to get a better product. In the end, it's 556 00:31:11,120 --> 00:31:13,720 Speaker 3: kind of in the weeds, but it's also I think 557 00:31:13,840 --> 00:31:16,640 Speaker 3: really important that we do it. That we reform this 558 00:31:16,800 --> 00:31:20,680 Speaker 3: system so that the ultimate legislation is being passed, in 559 00:31:20,720 --> 00:31:24,240 Speaker 3: particular on the spending side or other critical pieces of 560 00:31:24,360 --> 00:31:27,640 Speaker 3: legislation are far better than what we're getting out of 561 00:31:27,680 --> 00:31:29,280 Speaker 3: Washington right now. 562 00:31:29,320 --> 00:31:33,200 Speaker 1: I think the average politician would be shocked to learn 563 00:31:33,280 --> 00:31:38,880 Speaker 1: how deep and how bipartisan the support is for profound reforms. Brian, 564 00:31:38,960 --> 00:31:41,520 Speaker 1: I just don't want to encourage you to keep pushing 565 00:31:41,560 --> 00:31:44,920 Speaker 1: and keep fighting, keep thinking of more reforms. Hopefully we'll 566 00:31:44,960 --> 00:31:47,120 Speaker 1: be able to join you again sometime and learn about 567 00:31:47,120 --> 00:31:49,920 Speaker 1: the next wave of billsipsis and I want to encourage 568 00:31:49,920 --> 00:31:54,000 Speaker 1: everybody to contact their senator and their House member and 569 00:31:54,200 --> 00:31:56,880 Speaker 1: encourage them to bring up and vote on these bills. 570 00:31:56,880 --> 00:32:00,120 Speaker 1: They're very important and there are big building blocks or 571 00:32:00,280 --> 00:32:03,719 Speaker 1: a more accountable and a more respectable Congress. So I 572 00:32:03,760 --> 00:32:06,280 Speaker 1: want to thank you both for your leadership and for 573 00:32:06,360 --> 00:32:07,200 Speaker 1: joining me today. 574 00:32:07,800 --> 00:32:09,400 Speaker 2: Thank you very much for your rich. 575 00:32:18,680 --> 00:32:21,280 Speaker 1: And now I'm pleased to introduce a new segment to 576 00:32:21,360 --> 00:32:25,840 Speaker 1: newts World where I answer listeners questions. To ask a question, 577 00:32:26,240 --> 00:32:31,040 Speaker 1: please email me at newt at gingistre sixty dot com. 578 00:32:31,240 --> 00:32:35,120 Speaker 1: Logan from Bighamton, New York, home of the Speedy Sandwich. 579 00:32:35,160 --> 00:32:39,320 Speaker 1: Ask China has been conducting more aggressive movements near Taiwan. 580 00:32:40,240 --> 00:32:43,880 Speaker 1: Is the United States prepared if China strikes well? The 581 00:32:43,920 --> 00:32:48,000 Speaker 1: operation in Iran is ongoing well, Logan. I think it'd 582 00:32:48,000 --> 00:32:50,240 Speaker 1: be fair to say that we would be stretched very thin, 583 00:32:51,000 --> 00:32:54,200 Speaker 1: but that we would still have enormous capability, and that 584 00:32:54,360 --> 00:32:58,680 Speaker 1: with the new Japanese Prime Minister having moved very aggressively 585 00:32:59,120 --> 00:33:03,440 Speaker 1: to shift the Japanese defense system towards containing China, that 586 00:33:03,600 --> 00:33:07,520 Speaker 1: it would be a very high risk for the Chinese 587 00:33:07,520 --> 00:33:11,400 Speaker 1: Communist to try to invade Taiwan, and as you may know, 588 00:33:11,880 --> 00:33:15,400 Speaker 1: the Director of National Intelligence said publicly the other day, 589 00:33:15,840 --> 00:33:20,120 Speaker 1: we have no indications of China trying to move aggressively 590 00:33:20,120 --> 00:33:25,120 Speaker 1: against Taiwan in twenty twenty six or twenty twenty seven. 591 00:33:25,200 --> 00:33:28,280 Speaker 1: So my guess is for the moment, we can afford 592 00:33:28,280 --> 00:33:33,040 Speaker 1: to focus on Iran and then see what happens. Adrian 593 00:33:33,160 --> 00:33:37,200 Speaker 1: from Memorial, Texas asked, mister speaker, I would like your 594 00:33:37,280 --> 00:33:41,880 Speaker 1: thoughts regarding the significance of President Trump's foreign policy decisions 595 00:33:42,400 --> 00:33:48,000 Speaker 1: and how his decisions in Iran compare to previous presidents. Additionally, 596 00:33:48,400 --> 00:33:52,200 Speaker 1: how will this perception of his foreign policy decision affect 597 00:33:52,240 --> 00:33:55,680 Speaker 1: the mid term elections. What do you believe the correct 598 00:33:55,760 --> 00:34:00,320 Speaker 1: messaging strategies? Adrian, Those are two very good questions. First 599 00:34:00,320 --> 00:34:03,440 Speaker 1: of all, I think the president broke with what had 600 00:34:03,480 --> 00:34:09,000 Speaker 1: been decades of American presidents who would negotiate with the Iranians, 601 00:34:09,360 --> 00:34:13,480 Speaker 1: get nothing done, declare victory, and allow the Iranians to 602 00:34:13,560 --> 00:34:18,520 Speaker 1: grow stronger, to develop nuclear weapons, to develop missiles. And 603 00:34:18,920 --> 00:34:22,480 Speaker 1: Trump decided that he'd had enough of it, that in fact, 604 00:34:22,480 --> 00:34:25,120 Speaker 1: in the long run, that was a road to disaster, 605 00:34:25,719 --> 00:34:29,960 Speaker 1: and so he began taking very serious steps starting with 606 00:34:30,080 --> 00:34:32,840 Speaker 1: the bombing of the nuclear facilities a year ago, and 607 00:34:32,920 --> 00:34:35,680 Speaker 1: now with this ongoing campaign that were in the middle 608 00:34:35,719 --> 00:34:38,440 Speaker 1: of now, he took a lot of courage. That's not 609 00:34:38,600 --> 00:34:41,440 Speaker 1: clear yet whether or that's going to work. The Iranians 610 00:34:41,440 --> 00:34:44,280 Speaker 1: have been preparing for this for almost a half century. 611 00:34:44,640 --> 00:34:47,560 Speaker 1: They're going to do everything they can to push us back. 612 00:34:48,160 --> 00:34:51,840 Speaker 1: But the President so far has indicated a real willingness 613 00:34:51,840 --> 00:34:55,080 Speaker 1: to use American power to collaborate with the Israelis and 614 00:34:55,120 --> 00:34:58,319 Speaker 1: now with a number of other countries so that there's 615 00:34:58,360 --> 00:35:02,160 Speaker 1: actually a coalition being built that would take the Strait 616 00:35:02,160 --> 00:35:05,560 Speaker 1: of Hormuz and protect it, that would reopen everything for 617 00:35:05,680 --> 00:35:10,040 Speaker 1: loyal worldwide, and that would isolate Iran and orderly lead 618 00:35:10,360 --> 00:35:13,040 Speaker 1: to the collapse of the dictatorship. We'll see how it 619 00:35:13,080 --> 00:35:16,880 Speaker 1: works out. I think that the message for the campaign 620 00:35:16,880 --> 00:35:19,880 Speaker 1: has to be pretty simple. We're in a dangerous world, 621 00:35:20,280 --> 00:35:23,160 Speaker 1: We're facing a dangerous enemy. We have a president with 622 00:35:23,200 --> 00:35:26,560 Speaker 1: the courage to do the right thing, and Americans should 623 00:35:26,600 --> 00:35:30,480 Speaker 1: support the president when America is taking on an enemy 624 00:35:30,680 --> 00:35:35,000 Speaker 1: who literally chants death to America on a regular basis, 625 00:35:35,360 --> 00:35:38,719 Speaker 1: and who has described America as the Great Satan, and 626 00:35:38,760 --> 00:35:42,319 Speaker 1: who's very clearer that they in fact want to destroy us, 627 00:35:42,560 --> 00:35:47,840 Speaker 1: so defeating the religious dictatorship allowing the Iranian people to 628 00:35:48,000 --> 00:35:51,759 Speaker 1: in fact organize their own government and become part of 629 00:35:51,840 --> 00:35:55,040 Speaker 1: a normal country. If the President can pull this off, 630 00:35:55,360 --> 00:35:58,800 Speaker 1: he will truly be a historic figure of the first order. 631 00:35:59,160 --> 00:36:02,200 Speaker 1: It's a big gam but he's working at it, and 632 00:36:02,280 --> 00:36:04,480 Speaker 1: so far, at least, you have to give him credit 633 00:36:04,760 --> 00:36:08,000 Speaker 1: that he's done more to change your ran than any 634 00:36:08,080 --> 00:36:11,960 Speaker 1: president since nineteen seventy nine, when the dictatorship took over. 635 00:36:13,040 --> 00:36:15,560 Speaker 1: I look forward to hearing from you. To ask a question, 636 00:36:16,040 --> 00:36:21,720 Speaker 1: please email me at newt at gingershtree sixty dot com. 637 00:36:22,000 --> 00:36:25,640 Speaker 1: Thank you to my guest Congressman Brian Style. Newt World 638 00:36:25,719 --> 00:36:29,799 Speaker 1: is produced by Ginger Street sixty and iHeartMedia. Our executive 639 00:36:29,800 --> 00:36:35,280 Speaker 1: producer is Guarnsey Sloan. Our researcher is Rachel Peterson. Special 640 00:36:35,320 --> 00:36:38,520 Speaker 1: thanks to the team at Gingrish three sixty. If you've 641 00:36:38,560 --> 00:36:41,200 Speaker 1: been enjoying New World, I hope you'll go to Apple 642 00:36:41,239 --> 00:36:44,520 Speaker 1: Podcast and both rate us with five stars and give 643 00:36:44,600 --> 00:36:47,320 Speaker 1: us a review so others can learn what it's all about. 644 00:36:47,800 --> 00:36:51,600 Speaker 1: Join me on substack at Gingrish three sixty dot net. 645 00:36:52,040 --> 00:36:54,280 Speaker 1: I'm new Gingrich. This is Newtsworld,