STOCK Act - Page 4

Rep. Spencer Bachus (R-AL), who was the subject of allegations of congressional insider trading, has indicated that he will not seek to extend his term as chair of the House Financial Services Committee after 2012. Bachus was one of several

In a State of the Union speech devoid of clarity or specifics, President Barack Obama offered but one shining exception: a direct call for members of Congress to send him a bill to ban congressional insider trading. [youtube McbqyUZ_MVE] “Send

On Friday, Reps. Howard McKeon (R-CA) and Elton Gallegly (R-CA) were named as recipients of discounted mortgage loans from the now-defunct Countrywide Financial Corp., previously the nation’s largest mortgage lender before being bought out by Bank of America. Reps. McKeon

At an event Wednesday in Rock Hill, South Carolina, former Speaker of the House Newt Gingrich drew applause from the crowd when he called the congressional insider trading scandal uncovered by Breitbart editor Peter Schweizer and a report by 60

Gov. Rick Perry is making a ban on congressional insider trading a central theme of his presidential campaign. In an op-ed published yesterday with RedState.com, Gov. Perry wrote: Earlier this week, the Chicago Tribune ran a little noted editorial on

The Chicago Tribune editorial page believes that legislative efforts to ban congressional insider trading, such as the STOCK (Stop Trading On Congressional Knowledge) Act, are simply an exercise in “damage control” and “window dressing” to shield Rep. Spencer Bachus (R-AL)

As the Tea Party looks to codify and push its 2012 legislative and electoral agendas, a recent editorial by the Washington Examiner argues that the Tea Party would do well to make combating congressional insider trading its marquee legislative issue.

In a report today on the growing wealth gap between members of Congress and the constituents they represent, the New York Times credited Breitbart News editor Peter Schweizer as being partly responsible for having ignited “renewed attention” to banning elected

The Boston Globe has joined the growing chorus of voices calling for a ban on congressional insider trading. From the Boston Globe: WHEN CONGRESS returns to Washington after New Year’s, a bipartisan proposal to ban insider trading by lawmakers should

CNBC Senior Editor John Carney asks: “Why is the government treating insider traders like mobsters?” As Mr. Carney explains, the Federal Bureau of Investigation and the Securities and Exchange Commission now use wiretapping to conduct insider trading probes, a move

Today, Roll Call reported that Rep. Nancy Pelosi has appeared with her and her husband’s investment partner and her son’s former boss, investment banker Bill Hambrecht, three times at Capitol Hill economic policy forums as an “economic expert” over the

With the Senate Homeland Security and Governmental Affairs Committee having advanced a bill explicitly banning congressional insider trading in a 7-2 vote, Sen. Kirsten Gillibrand (D-NY) is receiving well-deserved praise for offering significant improvements to the STOCK (Stop Trading On

Yesterday, Sen. Joseph Lieberman said he “doesn’t have any evidence of insider trading by members of Congress.” Nevertheless, said Lieberman, the 60 Minutes report and the book by Breitbart editor Peter Schweizer have left his constituents with the impression that

Yes, says Yale Law Professor Jonathan Macey in an article in today’s Wall Street Journal. From WSJ: On closer examination, it appears that what Congress really wants is to keep making the big bucks that come from trading on inside

Yesterday, former Alaska Governor Sarah Palin outlined a four-part solution to end congressional insider trading and vowed not to “give up until we get the sudden and relentless reform we deserve.” Citing the numerous deficiencies in the versions of the

From BusinessInsider: The House Financial Services Committee canceled a scheduled “mark-up” of a bill to ban congressional insider trading last night, amid concerns that the committee’s chairman, Spencer Bachus, was moving forward with the bill to take the heat off

Today’s congressional insider trading hearings led by Rep. Spencer Bachus showcased a carefully selected list of expert witnesses designed to protect the status quo and thwart real reform. Among Rep. Bachus’s list of experts were Indiana University Professor Donna Nagy,

Since the publishing of Breitbart editor Peter Schweizer’s book, Throw Them All Out, support for the STOCK (Stop Trading On Congressional Knowledge) Act to ban members of Congress from using private information for personal profit has jumped from four cosponsors

With the Senate Homeland Security and Governmental Affairs Committee set to begin congressional insider trading hearings today, Sen. Kirsten Gillibrand, whose husband trades stock options, has proposed a bill that would legalize, not ban, insider trading by members of Congress.

During the 2004 presidential election, President Clinton’s former chief of staff and President Obama’s current Secretary of Defense Leon Panetta offered Sen. John Kerry and his wife Teresa Heinz Kerry a sage piece of advice. The Senior Senator from Massachusetts

With details now erupting on Capitol Hill about Sen. John Kerry’s (D-MA) questionable investments, a curious question lingers: why did it take a Tallahassee-based think tank wonk to uncover a former presidential candidate’s aggressive trading of pharmaceutical stock during both

BigGovernment.com has obtained records of Massachusetts Democrat Senator John Kerry and his wife Teresa Heinz’s stock portfolios that show almost perfectly timed pharmaceutical stock trades during the Obamacare debate, which fattened their already enormous personal fortune. The documents further support

Citizens of Alabama’s 6th congressional district, represented by Republican Spencer Bachus, made their voices heard today when they brought megaphones, signs and opinions to his district office. Many constituents are upset by information released in the new book Throw Them

Rep. Spencer Bachus (R-AL), under pressure from conservatives, liberals, and his own constituents, has announced that the House Financial Services Committee, which he chairs, will hold hearings on Dec. 6 to consider legislation to prevent insider trading by members of

This morning, Breitbart editor Peter Schweizer appeared on MSNBC’s Morning Joe to discuss his new book, Throw Them All Out, which has shaken Washington to its core in the past few days. The battle over insider trading in Congress has

Bachus Tries To Spin Insider Trading Alleghations; Schweizer Hammers Back With Devastating Facts Last night on CNBC’s “Kudlow Report,” Rep. Spencer Bachus (R-AL) attempted to spin his way out of the growing scandal surrounding his stock trading activity at the

There is a forgiving nature in the Southerner that surprises the occasional Yankee visitor. Doors are opened, ladies are escorted off of curbs, and conversation is edifying. There is a sharp but tailored critique of wrongdoing, and forgiveness comes as

Prior to the release of Breitbart editor Peter Schweizer’s blockbuster book, Throw Them All Out, legislative efforts to pass a bill banning insider trading by members of Congress had floundered. But all that is changing–and fast. Congressman Tim Walz (D-MN)

Wall Street Journal opinion writer Holman W. Jenkins, Jr. has cavalierly dismissed the explosive congressional insider trading scandal uncovered this week by Breitbart editor Peter Schweizer and 60 Minutes. Jenkins calls the fact that members of Congress are abusing their

With a new congressional insider trading scandal unfolding in Washington, another name has been added to the hit parade: U.S. Senator Dianne Feinstein (D-CA). In the new blockbuster tell-all Throw Them All Out, investigative reporter and Breitbart editor Peter Schweizer

In the wake of the $700 billion TARP bailout, Warren Buffett apparently shaped a plan to clean up toxic assets that Treasury Secretary Tim Geithner later adopted–resulting in massive profits for Buffett. That’s the latest bombshell revelation from investigative journalist

Rep. Spencer Bachus (R-AL) has responded to insider trading allegations revealed in Peter Schweizer’s new book, Throw Them All Out, and by 60 Minutes: “Congressman Bachus makes sure to comply with the law and House Ethics rules, and his financial

Andrew Breitbart calls for Rep. Spencer Bachus (R-AL) to resign from Congress in light of revelations that the Chair of the House Financial Services Committee personally profited by shorting financial stocks after being briefed on the impending financial crisis in

From Newsweek: One of the more dramatic episodes in the book recounts the trading activity of Republican Rep. Spencer Bachus, of Alabama, who, as the ranking member of the House Financial Services Committee, was privy to sensitive high-level meetings during

U.S. Representative Spencer Bachus (R-AL) had access to highly sensitive financial information during the 2008 bailout debates that may have helped him earn tens of thousands of dollars by trading stock options, even as most Americans’ portfolios took a beating.

Former Speaker of the House–and current Minority Leader–Nancy Pelosi apparently bought $1 million to $5 million of Visa stock in one of the most sought-after and profitable initial public offerings (IPO) in American history, thwarted serious credit card reform for