President Obama signed the STOCK Act into law Wednesday, which bars members of Congress from profiting from insider information, but Obama made no mention of the high-profile television exposè that provoked the legislation’s resurrection and swift passage.
Flanked by Vice President Joe Biden and lawmakers from both sides of the aisle, the president said the idea that all Americans play by the same set of rules is “one of our most cherished values.”
“The powerful shouldn’t get to create one set of rules while there’s a different set of rules for everybody else,” Obama said. “Especially at a time when there is a deficit of trust between this city and the rest of this country.”
Obama did not mention CBS News or the 60 Minutes exposè that caused a national outcry and sparked an immediate reaction from Congress.