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? asked in Politics & GovernmentGovernment · 9 years ago

The STOCK Act, a bill banning insider trading in Congress, being water down?

Majority Leader Eric Cantor and House Republicans caved to pressure from right-wing special interest groups, going behind closed doors to water down the STOCK Act, a bill banning insider trading in Congress. A vote on the STOCK Act is scheduled for tomorrow and Republicans are trying to carve it up at the last minute. Do nothing Congress obviously can do something when it's in their interest.not ours

Update:

Right now, members of Congress, their families, and staff can make money from the abundance of confidential information given to them every day – and it’s not clearly and expressly illegal.

stop once and for all the practice of our elected officials holding stock in the industries they impact.

Update 2:

Hours after a watered down STOCK Act passed the House, news broke that powerful Republican Spencer Bachus, chairman of the House Financial Services Committee will face an ethics investigation over possible insider trading allegations.

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  • 9 years ago
    Favorite Answer

    Why would they water it down? The bill was targeted at the transgressions of former speaker Pelosi following her mega million dollar stock deal with Visa.

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