Bill Keating on Government Reform
Congressional Summary:Stop Trading on Congressional Knowledge Act (STOCK Act): Amends the Securities Exchange Act and the Commodity Exchange Act to prohibit purchase or sale of either securities or commodities by a person in possession of material nonpublic information regarding pending or prospective legislative action.
Bill explanation (ProCon.org, "Insider Trading by Congress", Feb. 3, 2012):
The result of Citizens United was that "Super PACs" spent millions on TV ads in the 2012 election, advocating both issues and candidates. The DISCLOSE Act attempts to reduce the negative effect of Citizens United by requiring disclosure of independent expenditures made by advocacy groups.
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Newly-elected Democrats taking office Jan.2017:
Newly-elected Republicans taking office Jan.2017:
Office 315 CHOB, Wash., DC 20515