Perry: Congressional insider trading should be illegal

Rick Perry. Rick

Rick Perry.
Rick Perry

Updated: 6:05 p.m. ET

A new video by Rick Perry's presidential campaign suggests that members of Congress who engage in insider trading should be sent to jail.

"Congress certainly can't be trusted to watch our money. And now it's clear they can't be trusted with theirs," Perry says in the spot, which was posted to the campaign's YouTube channel on Monday afternoon. "Any congressman or senator that uses their inside knowledge to profit in the stock market ought to be sent to jail, period. And Congress ought to pass a law that says so right now--no ifs, ands, or buts."

As in some of his recent TV ads, the video features a close up of Perry's face, although he appears to be speaking against an out-of-focus outdoor background. In previous ads, he appeared against a plain white backdrop.

The video is in response to a Sunday report on CBS's 60 Minutes that examined whether members of Congress engage in insider trading by using information from legislation the chambers are working on to guide their investment decisions. House Minority Leader Nancy Pelosi, D-Calif., and Speaker John Boehner, R-Ohio, were among the lawmakers featured in the report; according to 60 Minutes, the two made money off of trades that may have been driven by their knowledge as leaders of Congress.

Communications director Ray Sullivan said the campaign has not yet decided whether it will use the ad as a TV spot.

Watch the 60 Minutes report below:


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    Rebecca Kaplan covers the 2012 presidential campaign for CBS News and National Journal.

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