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The Senate on Thursday sent President Barack Obama a scaled-down bill to explicitly ban members of Congress, the president and thousands of other federal workers from profiting from nonpublic information learned on the job.
Obama has said he would sign the bill.
The lawmakers who voted no were Republican Sens. Tom Coburn of Oklahoma, Richard Burr of North Carolina and Charles Grassley of Iowa.
So far it looks like it is...A few provisions were stripped out, interestingly enough - mortgage disclosure on primary residence stayed in as well as the provision to deny federal retirement benefits to the president, vice president or an elected official of a state or local government convicted of certain felonies.
Wow. If this is for real, I dont care who takes credit. Im just glad it got passed. I wonder if its truly what we think...hopefully it is.
It is window dressing because there is no proof now that anyone gets personal knowledge they buy stock with, any good choice is coincidence (if you know what I mean).
Location: Democratic Peoples Republic of Redneckistan
11,070 posts, read 14,834,058 times
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Quote:
Originally Posted by wrench409
It was only passed and signed for one reason.
Because there's an election coming up.
Exactly....I haven't read it yet,but I wonder if it has any teeth or if it's full of loopholes and gums.
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