Congress repeals law barring members’ insider trading

“Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members’ self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for members of Congress and their staffs.  It was a fleeting moment of transparency and accountability. Like a cowardly thief in the night, members of Congress quietly colluded to repeal the reporting requirements of the STOCK Act this year by unanimous consent: The shameful ordeal took all of 10 seconds in the Senate and 14 seconds in the House.”

http://articles.baltimoresun.com/2013-04-24/news/bs-ed-congress-inside-trading-20130424_1_congressional-knowledge-the-stock-act-insider

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