Make sure it includes their spouses or the marital unit.
House Democrats to propose ban on lawmaker stock trading – report
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Re: House Democrats to propose ban on lawmaker stock trading – report
#12Make sure it includes their spouses or the marital unit.
It's all for naught if this is overlooked.
Re: House Democrats to propose ban on lawmaker stock trading – report
#13Lol this win never happen. Politicians will never vote to bankrupt themselves
How would that lead to bankruptcy?
Re: House Democrats to propose ban on lawmaker stock trading – report
#14I've been collecting and sharing (@QuiverCongress on Twitter) data on stock trading by U.S. congressmen for the past couple years.
While there is currently legislation that requires congressmen to disclose their financial dealings, enforcement around it is incredibly weak.
Congressmen are supposed to disclose stock transactions within 45 days of when they are made, but in practice there are dozens of violations of this rule which result in hardly a slap on the wrist. I've seen a couple cases of politicians conveniently waiting till after election cycles to disclose controversial trades.
While I'm generally pessimistic about the odds of congress voting to regulate itself, I'm still hopeful that something comes from this push. There's certainly a lot of room for improvement.
Re: House Democrats to propose ban on lawmaker stock trading – report
#15Make sure it includes their spouses or the marital unit.
It's all for naught if this is overlooked.
"overlooked"
Unfortunately I'm too cynical to think that something that obvious would be merely overlooked (rather than intentionally left out). If it's an incremental step forward, I'll take it anyway.
Re: House Democrats to propose ban on lawmaker stock trading – report
#16I've been collecting and sharing (@QuiverCongress on Twitter) data on stock trading by U.S. congressmen for the past couple years. While there is currently legislation that requires congressmen to disclose their financial dealings, enforcement around it is incredibly weak. Congressmen are supposed to disclose stock transactions within 45 days of when they are made, but in practice there are dozens of violations of th…
If it becomes a big enough liability that prominent representatives are concerned about their reelection due to it then it will happen.
Yes, Congress is reluctant to specifically legislate against itself, so to make it happens a stink must be raised.
Re: House Democrats to propose ban on lawmaker stock trading – report
#17Let's get real...
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Re: House Democrats to propose ban on lawmaker stock trading – report
#18I don’t know why this hasn’t been proposed sooner? Or was there any attempt before this?
Re: House Democrats to propose ban on lawmaker stock trading – report
#19I've been collecting and sharing (@QuiverCongress on Twitter) data on stock trading by U.S. congressmen for the past couple years. While there is currently legislation that requires congressmen to disclose their financial dealings, enforcement around it is incredibly weak. Congressmen are supposed to disclose stock transactions within 45 days of when they are made, but in practice there are dozens of violations of th…
I'm not sure a complete ban is necessasry, but their investments should be moved to a blind trust while they are in office, and perhaps for some time afterwards.
Re: House Democrats to propose ban on lawmaker stock trading – report
#20I don’t know why this hasn’t been proposed sooner? Or was there any attempt before this?
STOCK act 2012. I believe it was quietly repealed.