Tuesday, February 7, 2012

Catching up with the STOCK Act

Here are recent events related to the STOCK Act. STOCK, by the way, is an acronym for Stop Trading on Congressional Knowledge.

The House Bill is H.R. 1148, click here for detail from Thomas, and here for detail from OpenCongress.

The Senate version is S. 2038, click here for info from Thomas, and here for info from OpenCongress.

The Washington Post reports that the bill became a magnet on the Senate floor for all types of reform proposals, not necessarily related to the subject of insider trading. They argue, plausibly, that it is an attempt by the Senate to turn around public opinion.