March 21, 2012 •
STOCK Act is Back
The U.S. Senate will proceed with the House version of the Stop Trading on Congressional Knowledge (STOCK) Act. The bill would bar lawmakers and staff from engaging in insider trading and has been stalled since February. The provision requiring the registration and reporting of “political intelligence consultants” has been removed, but U.S. Senators Chuck Grassley (R-Iowa) and Patrick Leahy (D-Vt.) are working to have it restored.
According to Politico, “Reid filed a cloture petition on the Stop Trading on Congressional Knowledge (STOCK) Act on Tuesday, setting up a Thursday vote to move forward on the bill.”
“Harry Reid to force vote on insider trading bill” by John Bresnahan and Anna Palmer in Politico.
Also: “Senate to vote on STOCK Act” by Paul Kane in The Washington Post.
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