Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Government Sneakily Repeals Its Own Insider Trading Law
Posted
April 18, 2013
Views
34,855
Likes
1,438
Comments
368
Engagement
5.18%
April 18, 2013
34,855
1,438
368
5.18%
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5:50Now Playing"President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.
The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress."*
The Stock Act is an anti-corruption measure, put in place so that government employees and lawmakers couldn't trade stocks using unfair insider information. And now, Congress and the Senate have come together to agree to be rid of it. Who says nothing ever gets done in Washington? Cenk Uygur breaks it down.
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