February 8, 2012 •
US House Removes LDA Reporting and Registration Requirements from Senate STOCK Bill
Last night the U.S. House removed all registration requirements by those conducting political intelligence activities from the Senate’s Stop Trading on Congressional Knowledge (STOCK) Act, which passed the Senate last week with a bi-partisan vote of 96 to 3.
The original Senate Bill 2038, now in the house, expanded the Lobbyist Disclosure Act to include requiring registration and reporting from those conducting political intelligence activities, which was defined as “political intelligence contacts and efforts in support of such contacts, including preparation and planning activities, research, and other background work that is intended, at the time it is performed, for use in contacts, and coordination with such contacts and efforts of others.”
While the House also made other changes to the bill, the only reference to the removal of the reporting and registration requirements made by Congressman Eric Cantor in a press release issued last night stated, “Tonight, we will introduce a strengthened and expanded STOCK Act, and remove provisions that would have made the bill unworkable or raised more questions then they answered.”
If passed as changed in the House, the bill would have to return to the Senate for another vote. The current version of Senate Bill 2038 can be found here.
Photo of the U.S. Capitol by Florian Hirzinger on Wikipedia.
State and Federal Communications, Inc. provides research and consulting services for government relations professionals on lobbying laws, procurement lobbying laws, political contribution laws in the United States and Canada. Learn more by visiting stateandfed.com.