New research into hedge funds with political access seems to have demonstrated that the STOCK Act is making a difference.
Continue readingHow obscurity screwed the STOCK Act – and the rest of us
The STOCK Act, which forbids government officials from profiting from non-public information, originally required comprehensive disclosure; but the law was gutted, and now it takes months for financial disclosures to be released.
Continue readingJon Stewart Eviscerates Congress and President Obama for Gutting STOCK Act
All hail Jon Stewart and those clever Daily Show writers for very adeptly (and hilariously -- though not in a very safe for work way) reporting last night how quickly and quietly Congress and President Obama combined forces to gut major transparency provisions of the STOCK Act passed last year. In an election year, they rushed to pass this reform legislation (and garner public kudos for doing so), but now with less of a spotlight on their actions, they rushed to undo the bill. Readers of our blog know that Sunlight's lobbyist, Lisa Rosenberg, has taken the charge to inform you about this as it happened nearly two weeks ago. As she put it, the Senate's action to approve the removal of STOCK Act transparency provisions was an epic failure on Thursday, May 11, especially since they did so invoking unanimous consent. Then the House followed suit and rushed the vote in mere seconds the next day, as most House members had already left Washington for recess. The House also completely lapsed on fulfilling their "read the bill" rule to wait three calendar days to deliberate on the legislation -- to, you know, actually give citizens time to know what their elected officials were voting on before it was a done deal. (This would have also given the press more time to inform Americans of these shenanigans.)
Continue readingSTOCK Act to be Signed Today
A few of us at Sunlight are excited to be going to the bill signing ceremony for the STOCK Act... View Article
Continue readingSTOCK Act Update
As the STOCK Act keeps marching through the Senate, on the heels of a State of the Union push from... View Article
Continue readingEnact the STOCK Act
Today, the House Committee on Financial Services held a hearing designed, it seems, to derail growing momentum in favor of... View Article
Continue readingBe Very Wary of the STOCK Act
Since the 60 Minutes expose on insider trading, the STOCK Act (HR 1148)has gained enormous steam in both the House... View Article
Continue readingOnly Sunlight Can Lift Congress’ Ethics Cloud
Are Members of Congress using inside information gathered as part of their jobs to make financial investments (and get rich…er?)... View Article
Continue readingIn Broad Daylight: Freddie’s Lobbying
Just like on Elm Street, Freddie killed bills in Congress. The Ted Stevens trial is set to wrap up today... View Article
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