Members of Congress Declare "Immunity" from Insider Trading Probe
Published on Monday, July 7, 2014 by Common Dreams
Members of Congress Declare "Immunity" from Insider Trading Probe
House panel refuses to submit to SEC subpeonas
- Nadia Prupis, staff writer
The U.S. House Ways and Means Committee is refusing to cooperate with an insider trading investigation, saying its employees are absolutely immune from having to comply with subpoenas from the Securities and Exchange Commission (SEC).
U.S. District Court Judge Paul Gardephe ordered the committee last week to explain why it hadnt responded to the SECs year-long request for documents, phone records and the testimony of staff director Brian Sutter, as part of a probe into whether he or other House members leaked private information about health care policy to insurance companies.
Rather than turning over the information, top House lawyer Kerry W. Kircher answered the order by requesting that the case be dismissed.
Kircher claimed that the request for documents violates the Speech or Debate Clause of the Constitution, which protects members of Congress from outside inquiry into legislative acts during their time in office.
More:
http://www.commondreams.org/headline/2014/07/07-4
sharp_stick
(14,400 posts)aren't all over this, guess they're too busy cheerleading BENGHAZI! and IRS probes to discuss this little nugget. Fucking assholes each and every one of them, Murrow must be spinning in his grave.
RKP5637
(67,032 posts)and rag-sheet entertainment. Agree so much, "Murrow must be spinning in his grave."
RKP5637
(67,032 posts)truebrit71
(20,805 posts)pscot
(21,023 posts)Good thing they can't claim immunity for sticking up convenience stores.