Cantor slammed for ‘neutering’ the STOCK Act

[jaxx]

By Eric W. Dolan
Wednesday, February 8, 2012 19:53 EST

<..> “Rep. Cantor has opposed the STOCK Act from the start and his bill reflects that,” said Melanie Sloan, Executive Director of Citizens for Responsibility and Ethics in Washington (CREW). “The majority leader is talking out of both sides of his mouth. He is trying to take credit for finally responding to an issue that has outraged Americans, while behind closed doors he has taken the side of Wall Street and neutered the tough Senate bill.”

<..> The bill prohibits lawmakers and their staff from trading stocks based on information they learn during congressional briefings and related work, among others things. It corrects the ambiguity in existing laws by empowering the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to ensure that members of Congress and their staff can be held accountable for illegally trading on non-public information.

Cantor’s version of the legislation, however, did not include provisions that require registration by political intelligence consultants, strip pension benefits from corrupt members of Congress and close loopholes in the nation’s anti-corruption laws.

<..> Cantor’s version of the STOCK Act also omits a provision that would require political-intelligence practitioners to adhere to the same registration requirements of lobbyists.

http://www.rawstory.com/rs/2012/02/08/ca...stock-act/

While Boehner is screeching about contraceptives Cantor is busy gutting the legislation to stop the insider trading in the congress. Sneaky.

[jaxx]

http://dccc.org/pages/stockact

This is a petition against Cantor, says the vote will be in less than 24 hours.

[SeattleGirl]

(02-08-2012 09:21 PM)jaxx Wrote:  http://dccc.org/pages/stockact

This is a petition against Cantor, says the vote will be in less than 24 hours.

Thanks jaxx. I just signed it. Of course, Cantor could the the petition and it could have a gazilion signatures, and he'd still say "the American people support what I'm doing."

[jaxx]

I figured Cantor would use it for toilet paper.