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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"CNN: Cantor’s office wrote loophole into insider trading bill" By Arturo Garcia
CNN: Cantors office wrote loophole into insider trading billBy Arturo Garcia at CNN
http://www.rawstory.com/rs/2012/07/20/cnn-cantors-office-wrote-loophole-into-insider-trading-bill/#.UAn0B4L2Lf4.reddit
"SNIP................................
House Majority Leader Eric Cantors (R-VA) office wrote a loophole into the House version of the Stop Trading on Congressional Knowledge Act (STOCK) exempting Congress members spouses and children from having to report stock market transactions over $1,000 in a timely manner.
The Senate version of the bill requires these transactions be reported within 45 days by both its members and their families. But a memo from the Office of Government Ethics, which oversees all federal executive branch employees, used the House version, telling them spouses and children were not subject to the rule.
Neither of the bills Senate co-sponsors, Scott Brown (R-MA) and Kirsten Gillibrand (D-NY), knew about the discrepancy.
.....................................SNIP"
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"CNN: Cantor’s office wrote loophole into insider trading bill" By Arturo Garcia (Original Post)
applegrove
Jul 2012
OP
NRaleighLiberal
(60,014 posts)1. I put this in LBN a few hours ago - lots of comments - link below FYI
so you can see how others have responded earlier today.
http://www.democraticunderground.com/1014172365
applegrove
(118,622 posts)3. Thanks.
LonePirate
(13,417 posts)2. I see that's more of that ethical transparency from those right wing crooks