GOP Congress votes to make it easier to escape ethics violations

Discussion in 'Congress' started by JimH52, Jan 3, 2017.

  1. rdean
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    rdean Guest

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    Republicans think you need to have a church for morals. If you don't tell people God doesn't want you to rape and murder, then everyone would be out raping and murdering. That's the GOP's. rationale.
     
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  2. Iceweasel
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    Iceweasel Diamond Member

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    That's your insane interpretation anyway but doesn't refute what I said. To the liberal, government IS god. So the GOP is a false god to them. That's why they are so angry.
     
  3. Penelope
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    Penelope Gold Member

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    Hey lets fire all the congress and pres. No need for government anymore. send them home.
     
  4. MisterBeale
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    MisterBeale Gold Member

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    Just making it easier for everyone in D.C. to make a buck.

    Sure the Dems. might be crying foul for the cameras, but secretly, I wouldn't be surprised if they are just as pleased as punch.


    It's sickening how all of them can legally get away with insider trading. They just have to do it in a rather crafty manner. Through friends, creating start-ups, tipping off former co-workers, etc.

    How do you think these pukes start their careers off making 200k a year, and then a few decades later, either by revolving through lobby firms or advising for corporations of the Deep State, end up retiring multimillionaires? It doesn't matter which party they started out representing, they're all the same.

    How Congress Quietly Overhauled Its Insider-Trading Law
    The White House cited the independent report in explaining why the president signed the bill. And a spokesman for Cantor said the House and Senate were simply following recommendations of the study. But Lisa Rosenberg, a lobbyist for the Sunlight Foundation, which advocated for the STOCK Act, says Congress went too far.


    "It's really shocking that they used basically the situation of questions about whether some language in the bill was overbroad to just gut the bill — to gut the transparency measures that apply to themselves," she says.


    Still, two major elements of the law remain. Insider trading is illegal, even for members of Congress and the executive branch. And for those who are covered by the now-narrower law, disclosures of large stock trades are required within 45 days. It will just be harder to get to them.

    Amendment
    The STOCK Act was modified on April 15, 2013, by S.716. This amendment modifies the online disclosure portion of the STOCK Act, so that some officials, but not the President, Vice President, Congress, or anyone running for Congress, can no longer file online and their records are no longer easily accessible to the public. In Section (a)2, the amendment specifically does not alter the online access for trades by the President, The Vice President, Congress, or those running for Congress.[11] The reasoning for this change was to prevent criminals from gaining access to the financial data and using it against affected persons. This bill was introduced by Senator Harry Reid on April 11, 2013. It was considered by the Senate and passed by unanimous consent. In the house, S.716 received only 14 seconds before being passed by unanimous consent.[12]
    STOCK Act - Wikipedia

    By modifying the oversight, tracing these abuses will be much harder, thus profit potential will increase.


    Here's the original story that broke the problem.
    Congress: Trading stock on inside information?

     
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  5. JimH52
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    JimH52 Gold Member

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  6. JimH52
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    JimH52 Gold Member

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    Trump slammed the GOP! Hey, the guy might be pretty good!
     
  7. JimH52
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    JimH52 Gold Member

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    Lady, the Republicans are always trying to screw someone over. They think they are above the law and conversely, think everyone else is breaking the law. They always have been that way.
     
  8. gipper
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    gipper Libertarian/Anarchist

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    You are not paying attention Jimbo. Trump slammed the GOP and Lil Jebby in a debate 2 years ago. Your DNC news channel is not informing you.
     
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  9. JimH52
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    JimH52 Gold Member

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    If Trump had not slammed them again, they would be sliding through the ethics door.
     
  10. gipper
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    gipper Libertarian/Anarchist

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    Trump is a life long D, but you hate him because your DNC news sources tell you to. You are like a trained dog.
     
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