Cantor Scuttles Stock Act
Posted in Main Blog (All Posts) on December 11th, 2011 5:45 am by HL
Cantor Scuttles Stock Act
The Stop Trading On Congressional Knowledge, or STOCK Act, would prohibit Members of Congress and their aids from profiting from inside information they might obtain through their official duties. But the House Financial Services Committee, which appeared to be set to fast track the bill, abruptly canceled plans to vote on it. “We were taken completely by surprise…stunned is more like it,” Slaughter told WGRZ-TV. The bill was pulled at the behest of House Majority Leader Eric Cantor.