DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Cantor’s office wrote loophole into insider trading bill.

**Oberjej** · 07-22-2012, 11:12 PM

Who ?
Cantor is the highest-ranking Jewish member of Congress in its history. http://en.wikipedia.org/wiki/Eric_Cantor

CNN is reporting that House Majority Leader Eric Cantor’s (R-VA) office wrote a loophole into the House version of the Stop Trading on Congressional Knowledge Act (STOCK) exempting Congress members’ spouses and children from having to report stock market transactions over $1,000 in a timely manner. http://www.rawstory.com/rs/2012/07/2...-trading-bill/
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http://www.rawstory.com/rs/2012/07/20/cnn-cantors-office-wrote-loophole-into-insider-trading-bill/

Initially when contacted by CNN, Cantor's office insisted it did nothing to change the intent of the STOCK Act. But when pressed with the new information uncovered by CNN, the majority leader's office conceded it made changes to the House bill that effectively took out the requirement for spouses and children to file these reports. http://www.cnn.com/2012/07/19/politi...html?hpt=hp_c3
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http://www.cnn.com/2012/07/19/politics/stock-act-loophole/index.html?hpt=hp_c3

07-22-2012, 11:12 PM	#1
Oberjej Join Date Oct 2005 Posts 603 Senior Member	Cantor’s office wrote loophole into insider trading bill. Who ? Cantor is the highest-ranking Jewish member of Congress in its history. http://en.wikipedia.org/wiki/Eric_Cantor CNN is reporting that House Majority Leader Eric Cantor’s (R-VA) office wrote a loophole into the House version of the Stop Trading on Congressional Knowledge Act (STOCK) exempting Congress members’ spouses and children from having to report stock market transactions over $1,000 in a timely manner. http://www.rawstory.com/rs/2012/07/2...-trading-bill/ Code: Code http://www.rawstory.com/rs/2012/07/20/cnn-cantors-office-wrote-loophole-into-insider-trading-bill/ Initially when contacted by CNN, Cantor's office insisted it did nothing to change the intent of the STOCK Act. But when pressed with the new information uncovered by CNN, the majority leader's office conceded it made changes to the House bill that effectively took out the requirement for spouses and children to file these reports. http://www.cnn.com/2012/07/19/politi...html?hpt=hp_c3 Code: Code http://www.cnn.com/2012/07/19/politics/stock-act-loophole/index.html?hpt=hp_c3
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