January 30th, 2012, 11:47 PM #1
Bill to Prohibit Insider Trading by Members of Congress Advances in Senate
In an effort to regain public trust, the Senate voted Monday to take up a bill that would prohibit members of Congress from trading stocks and other securities on the basis of confidential information they receive as lawmakers.
The vote was 93 to 2.
The Senate was already writing such a bill. However, the bill does not subject lawmakers to a second type of restriction suggested by Mr. Obama, who said Congress should “limit any elected official from owning stocks in industries they impact.”
It'll NEVER pass the House.http://www.youtube.com/watch?v=JOtab0BKOGY
The Nation which forgets it's defenders will itself be forgotten
You cannot make peace with dictators. You have to destroy them–wipe them out!
January 31st, 2012, 10:45 AM #2
- Join Date
- Mar 2002
- almost Virginia
- Blog Entries
I think I like this and it seems like there should not need a specific law for something like this.
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
By Steve R Jones in forum DebateIMO: Politics, Religion, ControversyReplies: 9Last Post: November 16th, 2011, 05:07 PM
By SiliconJon in forum DebateIMO: Politics, Religion, ControversyReplies: 13Last Post: September 1st, 2010, 07:57 AM
By mad1 in forum DebateIMO: Politics, Religion, ControversyReplies: 25Last Post: January 27th, 2010, 08:16 PM
By Epidemic in forum IMO CommunityReplies: 32Last Post: May 29th, 2006, 11:44 AM
By CERuppel in forum IMO CommunityReplies: 1Last Post: June 27th, 2005, 07:28 PM