It's saying that my original thread on this was closed due to me not following the rules and whatnot. To try and refrain from getting more detrimental "points" tacked onto my DP account I started this thread with the title I'm told I have to go by instead of being myself. My bad.
Obama signs insider trading ban by lawmakers
President Barack Obama signed legislation Wednesday barring members of Congress, the president and thousands of federal workers from profiting from nonpublic information learned on the job, calling it an embodiment of the fundamental American value of fair play.
Obama said the move to bar insider trading among lawmakers would assure everyone "plays by the same rules."
"It's the notion that the powerful shouldn't get to create one set of rules for themselves and another set of rules for everybody else," Obama said.
"If we expect that to apply to our biggest corporations and our most successful citizens, it certainly should apply to our elected officials," Obama said.
The new law lets the public see more of government officials' financial dealings yet some members of Congress said it fell short. Lawmakers abandoned an earlier proposal to require public reports from people who gather information from Congress and sell it, mostly to investors.
Like I said in my last post on this, I am shocked that it was signed by Obama because the last I heard was that this bill was blocked by Eric Cantor because he said it was "moving too fast" through congress. Didn't even know congress had passed it.