Sense on Cents Calls Out Congress to Pass H.R. 1148 Outlawing Congressional Insider Trading
Posted by Larry Doyle on November 14, 2011 5:23 PM |
Why does it take an expose on 60 Minutes to create a stir in Washington on legislation which never should have to be written if our Congressmen had some principles and a conscience?
Well, perhaps basic values and principles are too too much to ask or expect of those in Congress. So how might we get Congress to move forward on H.R. 1148: Stop Trading on Congressional Knowledge Act?
What does this act do? It’s quite simple.
To prohibit commodities and securities trading based on nonpublic information relating to Congress, to require additional reporting by members and employees of Congress of securities transactions, and for other purposes.
How might we get the louts in Washington who have shelved this initiative whenever it has come up to move forward on it?
LET’S SHAME THEM INTO IT!!!
With this commentary, I hereby call out all those in Congress who have not yet sponsored or co-sponsored this legislation to do so forthwith.
To be fair and respectful of those in Congress who have already moved on this legislation, I am happy to share that Timothy Walz (D-MN) sponsored this legislation. It has been co-sponsored by the following legislators:
Earl Blumenauer (D-OR3)
Steve Cohen (D-TN9)
Raul Grijalva (D-AZ7)
Kathleen Hochul (D-NY26)
Walter Jones (R-NC3)
Dennis Kucinich (D-OH10)
David Loebsack (D-IA2)
Louise Slaughter (D-NY28)
Niki Tsongas (D-MA5)
I called my Congressman Jim Himes (D-CT) this afternoon and informed his spokesman of my initiative here at Sense on Cents. I let him know that Jim’s name will be published here at Sense on Cents as supporting this legislation or not. I got his spokesman’s attention and let him know how great the blogosphere was at spreading this type of information. He fully understood.
He informed me that he would speak to Jim and would respond within two weeks.
I welcome highlighting Jim’s photo above as a precursor of how we can make this initiative a VERY PUBLIC undertaking.
You have to love the blogosphere and the internet at large.
LET’S CALL OUT ALL THOSE IN CONGRESS TO PASS THIS LEGISLATION.
How can you help? Please utilize this Contacting the Congress link to reach out to your Congressmen. Let me know how they respond. I will be happy to keep track of those responding and widely disseminate the results.
I agree that it is pathetic that it has come to this but if we are ever going to take back our nation and restore our principles, we have to start somewhere.
I thank you for your help in “OUTING THE LOUTS” and beginning to expose this angle of the Wall Street-Washington incest.
Please share this with your friends, family, and colleagues. We can make this happen.