The STOCK Act Is Signed Into Law, But Insider Trading Will Live On
Today, President Obama signed the Stop Trading on Congressional Knowledge (STOCK) Act into law, which overwhelmingly passed both houses of Congress. The law takes aim at insider trading within Congress, which was exposed in a blockbuster 60 Minutes report late last year. “The powerful shouldn’t get to create one set of rules for themselves and another set
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Wall Street Consultants Complain: STOCK Act Transparency Proposal Will “Hurt Middle Class Americans”
In the Senate debate last week to amend the STOCK Act, a measure to prevent insider trading by lawmakers and some federal officials, Sen. Charles Grassley (R-Iowa) successfully attached a smart proposal to the bill to require “political intelligence” firms to face disclosure requirements just as other lobbying firms are forced to disclose their clients. The
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Anti-Occupy Wall Street Lobbyist Whines That Disclosure Laws Sound Like “Big Brother”
K Street has been reacting to Republican Sen. Chuck Grassley’s amendment to the anti-insider trading STOCK Act passed in the Senate last week that would force D.C. influence peddlers who collect political intelligence and sell it to corporate clients to register under the lobbying disclosure law. National Journal’s Influence Alley reports that some lobbyists have
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Senator Opposing Stock Act Says No Member Of Congress Would Use Insider Trading
Two days ago, the STOCK Act, bipartisan legislation to ban insider trading by members of Congress, passed the Senate by 96-3. The Senate bill now includes a provision to cover some federal employees, a 30 day disclosure requirement for lawmakers, and forces covered officials to disclose the details of their mortgage. Senator Tom Coburn of
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