Sen. Reid Set To Bring Insider Trading Bill President Wants To Floor As Early As Next Week

[bigtree]

1/26/12 12:36 PM EST

Senate Majority Leader Harry Reid is expected to bring the STOCK Act (The Stop Trading on Congressional Knowledge Act) to the floor next week, a bill banning insider trading by members of Congress that President Barack Obama said he’d sign “tomorrow.”

Reid, a Nevada Democrat, is still working out the details with Minority Leader Mitch McConnell (R-Ky.) to decide whether they need to file cloture on the bill, Senate sources told POLITICO on Thursday.

“Leader Reid’s office has made it clear to the Homeland Security and Governmental Affairs Committee that they are prepared to allow a vote on the STOCK Act as early as next week,” said one Senate aide.

“Send me a bill that bans insider trading by members of Congress, and I will sign it tomorrow,” Obama said during his address to a joint session of Congress.


read more: http://www.politico.com/news/stories/0112/72018.html

[gateley]

1. Wow! How on earth could anyone justify voting against this now that it's REALLY out in the open?

I'm guessing the current law was passed kind of under the radar? Do you know when they did that?

[Botany]

2. Please republicans vote against this bill

?

[Spazito]

3. Oh my!

This will be very interesting, I might even tune into CSPAN to hear the debate and see how the repubs attempt to defend insider trading by members of Congress. I will need to stock up on for sure!

[Maven]

4. K/R

[Muskypundit]

5. I cant wait for this bill to be amendmented to nothingness

It's what congress does.

[SammyWinstonJack]

6. LOLz.

Congress to decide if it's illegal for them to continue to do what IS illegal for the rest of us peons.

Things that make one's explode.

[TheKentuckian]

7. That is what I'm talkin about

[tyne]

8. Please!

Someone needs to put this in a form so people can FACEBOOK it. Sort of a "put your money where your mouth is" type of thing.

[raouldukelives]

9. K&R

[bullwinkle428]

10. Gleefully rubbing my hands in anticipation of Cantor's attempt to dance around this.

In fact, maybe I should just bookmark this post!

[bigtree]

11. Video: Obama Says He Will Tell Harry Reid To Move Scott Brown's Insider Trading Bill

"I'm going to tell him . . . I'm going to tell him to get it done."

[mfcorey1]

12. Let's see how many of those idiot rethugs vote against it. The public will be watching.

[bigtree]

13. ,

[Ruby the Liberal]

14. Whose got the odds on it not taking effect until 2020

and NO retroactive liability....

[SaintPete]

15. So it's Brown's bill? Interesting...

wondering how that little video will play in his re-election.

...aaaand what else is in the bill?

Any reason why a room full of Dems might want to vote against the bill that a Republican crafted?

That would be embarrassing, unless we had our own version.

In fact, I'd bet that will happen. Each party puts forward a version. No majority is met on either, but everyone still gets to claim that they supported the idea against partisan protest.

[bigtree]

16. The freshman senator co-authored the bill with Sen. Kirsten Gillibrand (D-N.Y.).

[SaintPete]

18. ty :) /nt

[rgbecker]

19. The republicans would really like Brown to beat Elizabeth Warren in Mass.

They might actually pass this thing.

Meanwhile, I'm confident Warren will be our next Senator, but will be sending in some cash to make sure she can run ads to counter the super pacs that will be decending on our little state.

[FarLeftFist]

17. Progress.