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Congress votes to eliminate key requirement of insider trading law

The level of security risk was one of the main premises for eliminating the key requirement. As Pbrauer already posted, "The reasoning for this change was to prevent cyber criminals from gaining access to the financial data and using it against affected persons." So if staffers and family members are made vulnerable by the requirement, why aren't the congressmen?

Yes, the risk is the same. The difference is in the amount of risk staffers should be exposed to versus elected officials. That is the part you seem to be having difficulty with. You can keep building this strawman, but it ain't gunna fly. No one has said the risk would be different with the same exposure. You have been continuously less than honest in this thread, please stop.

Demanding greater transparency of our elected representatives and those who could profit from their connections to them is treating them like ****?

Demanding people prove themselves innocent in public simply to hold down a job is treating them like ****. Oversight is not the issue. Staffers will still be subject to oversight.
 
Yes, the risk is the same. The difference is in the amount of risk staffers should be exposed to versus elected officials. That is the part you seem to be having difficulty with. You can keep building this strawman, but it ain't gunna fly. No one has said the risk would be different with the same exposure. You have been continuously less than honest in this thread, please stop.

Strawman? What the hell? Here's an idea, cut the "you're being dishonest" crap. Just interacting with you has been an extraordinary act of charity since upon first entering you have been unbearably condescending and supercilious. Go for a run, have a glass of wine, whatever it takes...chill out. And if you find that interacting with me is too odious, just stop replying altogether.

Demanding people prove themselves innocent in public simply to hold down a job is treating them like ****. Oversight is not the issue. Staffers will still be subject to oversight.

By that logic even the requirement for congressmen to be more transparent is unnecessary because oversight exists for them as well. But the increased transparency makes execution of that oversight much more likely.
 
Thats the bill as it stands now, it was gutted.
Really? Where are the amendments? I would have linked Public law 113-7, but it wasn't available when I looked.

ALL ACTIONS:

4/11/2013:
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S2583-2584; text as passed Senate: CR S2584; text of measure as introduced: CR S2593)
4/11/2013 5:33pm:
Received in the House.
4/11/2013:
Message on Senate action sent to the House.
4/11/2013 6:07pm:
Held at the desk.
4/12/2013 12:52pm:
Mr. Cantor asked unanimous consent to take from the Speaker's table and consider.
4/12/2013 12:52pm:
Considered by unanimous consent. (consideration: CR H1978-1979)
4/12/2013 12:53pm:
On passage Passed without objection. (text: CR H1979)
4/12/2013 12:53pm:
Motion to reconsider laid on the table Agreed to without objection.
4/12/2013:
Presented to President.
4/15/2013:
Signed by President.
4/15/2013:
Became Public Law No: 113-7.
 
Really? Where are the amendments? I would have linked Public law 113-7, but it wasn't available when I looked.

ALL ACTIONS:

4/11/2013:
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S2583-2584; text as passed Senate: CR S2584; text of measure as introduced: CR S2593)
4/11/2013 5:33pm:
Received in the House.
4/11/2013:
Message on Senate action sent to the House.
4/11/2013 6:07pm:
Held at the desk.
4/12/2013 12:52pm:
Mr. Cantor asked unanimous consent to take from the Speaker's table and consider.
4/12/2013 12:52pm:
Considered by unanimous consent. (consideration: CR H1978-1979)
4/12/2013 12:53pm:
On passage Passed without objection. (text: CR H1979)
4/12/2013 12:53pm:
Motion to reconsider laid on the table Agreed to without objection.
4/12/2013:
Presented to President.
4/15/2013:
Signed by President.
4/15/2013:
Became Public Law No: 113-7.

No idea, my source was last night's Daily Show:
 
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