Congress insiders: Above the law?

Discussion in 'The Cocktail Lounge' started by Bodacious, Dec 11, 2019.

  1. Bodacious

    Bodacious Active Member

    Joined:
    Jul 6, 2019
    Messages:
    274
    Likes Received:
    207
    I am totally shocked that any American politician would use inside info to accelerate their personal wealth goals.

    Please read more at:
    https://www.cbsnews.com/news/congress-insiders-above-the-law/
     
  2. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    The STOCK (Stop Trading on Congressional Knowledge) Act was passed by Congress and signed by Obama back in 2012.
     
  3. TomB16

    TomB16 Well-Known Member

    Joined:
    Jun 22, 2018
    Messages:
    4,272
    Likes Received:
    2,632
    I just assumed that was recinded in January 2015. Is it still intact without being repealed or rendered ineffective?
     
  4. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    It is, although Congress passed an amendment in 2013 that removed the compulsory national database electronic filing requirement for the rank-n-file Federal employees, who file the way they always did: by paper (or electronically) to their Agency's ethics officer. These data are then forwarded to the US Office of Government Ethics (USOGE). Data for the President, VP, Members of Congress, and most Presidentially-appointed positions still need to be available via an accessible database. Both the House and the Senate maintains a searchable on-line database. Data for the Executive Branch apparently requires working out access details with USOGE.
     
    Onepoint272 and TomB16 like this.
  5. Bodacious

    Bodacious Active Member

    Joined:
    Jul 6, 2019
    Messages:
    274
    Likes Received:
    207
    Is the CBS story fake news?
     
  6. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    Nope. The story was dated 11 November 2011, the year prior to the STOCK Act.
     
    Bodacious likes this.
  7. Bodacious

    Bodacious Active Member

    Joined:
    Jul 6, 2019
    Messages:
    274
    Likes Received:
    207
    Thank you for clarification.
     
    Three Eyes likes this.

Share This Page