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STOCK act 2012. I believe it was quietly repealed.
by rodneyhayes 4y ago
STOCK act 2012. I believe it was quietly repealed.
- JumpCrisscross 4y ago> STOCK act 2012. I believe it was quietly repealed. No, it wasn't. It was scoped back, uncontroversially, to not apply to e.g. Congressional staffers. It still applies to "the President, Vice President, Congress, or anyone running for Congress" [1]. It also, more controversially, "eliminated the requirement for the creation of searchable, sortable database of information in reports, and the requirement that reports be done in electronic format, rather than on paper." The law and its penalties still apply to members of Congress. It just permitted them to file on paper. That leads to crap like this [2]. Still, a long shot from repeal. [1] https://en.wikipedia.org/wiki/STOCK_Act#Amendment https://en.wikipedia.org/wiki/STOCK_Act#Amendment [2] https://www.businessinsider.com/stocks-congress-trading-disclosures-house-senate-ro-khanna-2022-5?r=US&IR=T https://www.businessinsider.com/stocks-congress-trading-disc...
- rodneyhayes 4y agoGreat information, thank you.