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Old 07-22-2012, 11:12 PM   #1
Oberjej

Join Date
Oct 2005
Posts
603
Senior Member
Default 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/
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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

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