House passes insider trading bill
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“your life is great”
Since: Aug 09
you poop in clean water
#1 Feb 9, 2012
"The language in dispute would require so-called political intelligence firms to register the same as lobbyists, and they would have to file public reports on their spending and contacts with federal officials. Portions of the financial industry lobbied for removal of the proposal."
have they defeated the purpose of such a law by removing this portion?
#2 Feb 9, 2012
Majority Leader Eric Cantor, R-Va., who wrote the House bill, countered that a study of this growing but little-known industry made more sense. He said inclusion of the new rules at this point would have "raised far more questions than they would have answered."
Supporters of Cantor's study of the political intelligence industry had warned that the bill could have violated the First Amendment rights of people who contacted members of Congress, but had nothing to do with trying to sell financial information to investment houses.
Of course not Eric.
The ONLY people believing that must be those 10%, that actually approves of congress.
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