STOCK Act passes Senate procedural vote

So Obama charged Congress with passing a bill to stop insider trading by Congresscritters and wonder of wonders, the Senate has just passed a procedural vote for a bill that does just that by a 93-2 margin.  (And if you had Tom Coburn (R-OK) and Richard Burr (R-NC) in the “who’d be stupid enough to vote against that” pool, you win!)

So yeah, I guess that’s good and everything but I am way more impressed with the name of this bill.  It’s the Stop Trading On Congressional Knowledge Act.  The STOCK Act.  To stop insider stock trading.  I know they always try to do this, but how often does it work out this well?  (The USA PATRIOT Act was “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism” which, despite the awfulness of the underlying law, is pretty impressive.)

Author: Wiesman

Husband, father, video game developer, liberal, and perpetual Underdog.


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