Billy Long on Government Reform
Despite congressional reforms over the past several years to reduce pork barreling and increase earmark accountability and transparency, earmarks continue to figure prominently as the "currency of corruption" on Capitol Hill, undermining the federal budgetary process and our democratic system of government. In an effort to encourage more members of Congress and candidates for office to kick the earmarking habit, CCAGW has launched a new no-gimmicks, anti-pork pledge.
Congressional Summary:Stop Trading on Congressional Knowledge Act (STOCK Act): Amends the Securities Exchange Act and the Commodity Exchange Act to prohibit purchase or sale of either securities or commodities by a person in possession of material nonpublic information regarding pending or prospective legislative action.
Bill explanation (ProCon.org, "Insider Trading by Congress", Feb. 3, 2012):
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Newly-elected Democrats taking office Jan.2017:
Newly-elected Republicans taking office Jan.2017:
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