The STOCK Act was a media-driven bill that politicians felt they could not resist after 60 Minutes ran a (somewhat flawed) exposé on the insider trading activities of members of Congress. Once a must-pass bill like that gets into circulation, it’s going to become an attractive target for messaging amendments where members try to hitch a ride with their pet issues. And because Congress is held in low public esteem, the best of these amendments would deal with the same kind of ethics issues.
|By: David Dayen Tuesday January 31, 2012 9:00 am|
We learned yesterday that it’s very, very difficult for members of Congress to vote to effectively legalize insider trading for themselves. If it wasn’t for that meddling 60 Minutes, this wouldn’t be an issue. So difficult, in fact, that the motion to proceed on the bill stopping the practice passed 93-2 yesterday.
|By: David Dayen Wednesday December 14, 2011 8:40 am|
The House passed its payroll tax cut Christmas tree of a bill yesterday, with a minimal amount of defections from the conservative wing of the caucus. The final vote was 234-193. Fourteen Republicans voted against the measure, while ten Democrats (Barrow, Boren, Boswell, Braley, Cardoza, Donnelly, Loebsack, Matheson, Ross, Walz) voted for it. The President has promised a veto, and the bill is DOA in the Senate.