Nevada’s congressional delegation weighs in on blind trusts after “60 Minutes” report

Monday, Nov. 14, 2011 | 2:23 p.m.

Senate Majority Leader Harry Reid does not support legislation to mandate the Gang of 535 put their investments in blind trusts, saying there are “clear ethical standards” for Congress.

I asked each of the delegation members to react to the “60 Minutes” report showing that some members apparently used non-public information to make stock trades. If you missed it, it is here

Here is some of the reaction I have received so far – still waiting on Rep. Shelley Berkley ( update: Berkley comments posted below) and Sen. Dean Heller. Will post if and when….

Reid spokesman Zac Petkanas:

“Senator Reid owns broad based mutual funds administered by his financial advisor. Neither he nor Mrs. Reid have any input on decisions made in the purchase, sales or retention of those assets, in compliance with the clear ethical guidelines set by the House and Senate. Each Member of Congress is responsible for utilizing one of the many financial options available to ensure compliance with these clear ethical standards.”

Rep. Mark Amodei:

"The American people don't have a lot of trust when it comes to Washington, D.C. and Members of Congress. They say that sunlight is the best disinfectant. All of my investments and my mining interests are on my financial disclosures. And judging by their performance, I don't think anyone can accuse me of insider trading."

His spokesman, Brian Baluta, added on whether he would back mandating blind trusts, "He says he's all for greater transparency. He'd have to see the legislation."

Rep. Joe Heck spokesman Darren Littell:

“Congressman Heck doesn't think Members should be allowed to trade stocks based on nonpublic information. Also, he doesn't own any individual stocks, all of his investments are non-self directed.”

Rep. Shelley Berkley spokeswoman Jessica Mackler:

"Nearly all of the Berkley family holdings are controlled by a financial adviser who has full discretion over daily transactions."

On banning blind trusts: "Given the broad array of financial options available, there are a number of ways for Members of Congress to operate transparently and within the guidelines established by the House."

UPDATE: Dean heller spokesman: "Members of Congress should not personally benefit from their public service. Senator Heller supports greater transparency and would closely look at any measure that would help ensure a more ethical Congress." So he, too, is not eager to mandate blind trusts.