Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Congressional Insider Trading Bill Gains Amendments, Support

February 2, 2012 by  

Congressional Insider Trading Bill Gains Amendments, Support

Senator Rand Paul (R.-Ky.) introduced on Tuesday amendments to the Stop Trading on Congressional Knowledge (STOCK) Act that the lawmaker says would bring an end to the revolving door between Federal employees and companies seeking Federal loans.

“These amendments are recognizing what the authors of these bills have been discussing, that people should not profit off of their involvement in government. They shouldn’t profit off of special relationships. They shouldn’t profit off of special knowledge they gain in the function of serving the people,” Paul said on the Senate floor.

Paul said that the bill should apply to the current Presidential Administration, “…I don’t believe people who are multimillionaires and billionaires should use the apparatus of government as was used in the loans that were given to Solyndra by someone who is profiting off of their relationship and ties to the President, profiting off of people who used to work for these companies now, who are now employed in the administration and using these connections to get taxpayer money to go to private individuals.”

The bill, which would put provisions in place to end Congressional insider trading, has had healthy support in the Senate; and House Majority Leader Eric Cantor (R-Va.) plans to bring a version of STOCK to his chamber later this month.

Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Congressional Insider Trading Bill Gains Amendments, Support”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.