Congress quietly repeals law that banned them from insider trading

[Little-Acorn]

Nobody will notice. It's Income Tax Day, there's the explosions in Boston, etc. We'll never get a better opportunity to get rid of this govt-transparency requirement. Vote Yes!

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http://thehill.com/blogs/floor-action/house/293597-congress-quietly-repeals-financial-transparency-rules-for-government-officials

Congress quietly repeals financial transparency rules for government officials

By Pete Kasperowicz - 04/12/13 12:54 PM ET

With little fanfare, the House quickly voted Friday to repeal a financial transparency requirement for senior government officials, which was part of a much-heralded government transparency bill last year.

Members passed S. 716 by unanimous consent, with no debate and no description on the floor about what the bill would do. The Senate passed it in the same fashion on Thursday.


The bill amends the Stop Trading On Congressional Knowledge (STOCK) Act, which was passed last year on the heels of complaints that members of Congress and senior officials are using their government knowledge to enrich themselves through stock trades or other actions.

[aboutime]

Not unusual at all anymore. Congress, and Obama depend on WE THE PEOPLE being Uninformed, Uncaring, and Selfish enough to ONLY think about ourselves all the time.
Who needs laws, a constitution, rights, freedoms, and liberty when the Govt. lures, and convinces the common folk to always depend on Govt for everything????

As the old saying goes. WE THE PEOPLE are standing on a Banana Peel with one foot, and the other hovering over what USED TO BE the UNITED STATES OF AMERICA...now a deep hole, or grave.

[Marcus Aurelius]

sorry, but this thread is a gross mischaracterization of what was passed.


http://www.whitehouse.gov/the-press-office/2013/04/15/statement-press-secretary-s-716
On Monday, April 15, 2013, the President signed into law:

S. 716, which eliminates the requirement in the STOCK Act to make available on official websites the financial disclosure forms of employees of the executive and legislative branches other than the President, the Vice President, Members of and candidates for Congress, and several specified Presidentially nominated and Senate-confirmed officers; and delays until January 1, 2014, the date by which systems must be developed that enable public access to financial disclosure forms of covered individuals.



The STOCK act has not been bypassed. Note the use of the words OTHER THAN above. The President, the Vice President, Members of and candidates for Congress, and several specified Presidentially nominated and Senate-confirmed officers. are all still bound by the STOCK act and the requirement to make public their financial disclosure forms. It's just been delayed a year.


EDIT:

Link to text of act signed today...
http://thomas.loc.gov/cgi-bin/query/z?c113:S.+716:

http://www.gpo.gov/fdsys/pkg/BILLS-113s716cps/pdf/BILLS-113s716cps.pdf