ACTION ALERT: STOCK Act Reversal Signed by President

[Fire Walk With Me]

Occupy Wall Street ‏@OccupyWallStNYC

Today, Obama signed into law a reversal of the STOCK Act, letting politicians off hook 4 corrupt financial dealings:
http://www.opensecrets.org/news/2013/04/action-alert-stock-act-reversal-signed.html …


President Obama has just signed a rollback of key transparency provisions of the STOCK Act.

Late Thursday night, as we reported last week, the Senate gutted the disclosure requirements by approving S.716, an act amending the requirements of the 2011 law. The House followed suit the next day, and the president signed the bill minutes ago.

The bill doesn't just eliminate a controversial requirement that personal financial disclosures of tens of thousands of high level federal employees be made publicly accessible online. It also reverses two critical components of the original STOCK act: mandatory electronic filing of PFDs by the president, his cabinet and members of Congress, and the creation of a publicly accessible database.

The elements of the STOCK Act that were removed include:

(Are at the link.)

[djean111]

1. Somewhere, Romney is snickering.

[DJ13]

2. so

Are we sure he's really a Democrat?

(Why do I have to keep asking this question?)

[limpyhobbler]

3. The Most Transparent Administration Ever™

[ForgoTheConsequence]

4. .....

That provision, added to the bipartisan bill aimed at halting insider trading by members of Congress, would have required roughly 28,000 senior government officials to post their financial information online, and had come under harsh criticism from federal government employee unions.

The new law scraps a provision that had been hotly contested by federal employees, as well as found to be problematic and even dangerous for high-ranking government workers. Congress twice had passed legislation to delay its implementation. Under that provision, high-ranking government workers would have been required to post their financial information on a publicly available online database.
Under a previous delay, Congress called for the National Academy of Public Administration to study the implications of the requirement. The report, released in March, found the provision should be repealed, having found that it could needlessly threaten the safety of government employees abroad, as well as make it difficult to attract and retain talent in the public sector.

http://thehill.com/blogs/on-the-money/1007-other/293919-obama-signs-stock-act-step-back#ixzz2QaJ3UD00



Doesn't seem like that big of a deal.

[Skittles]

5. not easy to find info on this

thanks; I will read up

[newfie11]

6. So why don't the repugs like him?

It seems he is passing things they want.

[Fire Walk With Me]

11. Becaue they all work for the banksters and it's only a show to make us think we have a choice

regarding electing those who work for the banksters?

[NoMoreWarNow]

7. what.. the... fuck....

I am so done with this president.

[leftyohiolib]

10. yea really! president romney would have been so much better

[NoMoreWarNow]

12. I voted for Obama, because I thought he would be better than Romney

and I still think he is. But still, how many disappointments can we take?

[progressoid]

8. Well isn't that just wonderful.

[DarkLink]

9. kick

nt