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KMC » 10am - Apr 20, 2013
President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act...
Category: Best of the Web
Tags: Congressional Insider Trading, STOCK Act, Congress Insider Trading, Congress Insider Trading Bill, Congress Stock Act Change, Insider Trading Law, Stock Act
President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online. The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress."* The Stock Act is an anti-corruption measure, put in place so that government employees and lawmakers couldn't trade stocks using unfair insider information. And now, Congress and the Senate have come together to agree to be rid of it. Who says nothing ever gets done in Washington? Cenk Uygur breaks it down. Read more: http://thehill.com/blogs/on-the-money/1007-other/293919-obama-signs-stock-act-step-back#ixzz2QnaQI8jA Support The Young Turks by Subscribing http://www.youtube.com/user/theyoungturks Like Us on Facebook: http://www.facebook.com/tytnation Follow Us on Twitter: http://www.twitter.com/theyoungturks Support TYT for FREE by doing your Amazon shopping through this link (bookmark it!) http://www.amazon.com/?tag=theyoungturks-20 Buy TYT Merch: http://theyoungturks.spreadshirt.com/