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cal04

(41,505 posts)
Wed Feb 8, 2012, 04:35 PM Feb 2012

White House hits House GOP for changes to STOCK Act

http://thehill.com/blogs/on-the-money/banking-financial-institutions/209479-white-house-dings-house-gop-for-stock-act-changes

White House Press Secretary Jay Carney accused House Republicans of "caving to pressure from Wall Street lobbyists" by removing a provision from upcoming legislation that would require political intelligence firms to be registered as lobbyists.

Carney told reporters that Republicans were simply weakening the legislation.

"I was shocked to see that even this simple bill that would ensure that everyone plays by the rules is weakened," he said. "This should not be a partisan issue."

House Republicans unveiled their version of the Stop Trading on Congressional Knowledge (STOCK) Act Tuesday evening, and removed that provision from the version that passed in the Senate.
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