House passes insider trading bill

House passes insider trading bill

There are 2 comments on the WTNH story from Feb 9, 2012, titled House passes insider trading bill. In it, WTNH reports that:

The House passed a bill banning Congress and executive branch officials from insider trading, but brushed aside a provision aimed at reining in those who pry financial information from Congress and sell it to investment firms.

Join the discussion below, or Read more at WTNH.

“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?
Wall Street Government

Sebastian, FL

#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.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Eric Cantor Discussions

Title Updated Last By Comments
News Eric Cantor endorses Jeb Bush for president (Aug '15) May 9 Granny Hooker Heroin 9
News Donald Trump won't rule out trying to oust Paul... May 8 woodtick57 2
News Palin: Paul Ryan's 'Career is Over' for Not Sup... May 8 YouDidntBuildThat 2
News PHILLIPS: The last days of the Republican Party (Oct '13) Mar '16 Klingon 2,196
News First House GOP primaries will test anti-incumb... Feb '16 USA today 1
News Donald Trump: even the Davos elite are alarmed Feb '16 USA today 1
News Cantor: GOP willing to talk about closing tax l... (Jul '11) Feb '16 Legal Polygamy 8
More from around the web