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Jim Himes on Government Reform

Voted YES on Senate pay raise.

Makes appropriations to the Senate for FY2010 for:
1. expense allowances;
2. representation allowances for the Majority and Minority Leaders;
3. salaries of specified officers, employees, and committees (including the Committee on Appropriations);
4. agency contributions for employee benefits;
5. inquiries and investigations;
6. the Senate Caucus on International Narcotics Control;
7. the Offices of the Secretary and of the Sergeant at Arms and Doorkeeper of the Senate;
8. miscellaneous items;
9. the Senators' Official Personnel and Office Expense Account; and
10. official mail costs.

Proponent's argument to vote Yes:Rep. WASSERMAN SCHULTZ (D, FL-20): We, as Members of Congress, have responsibility not just for the institution, but for the staff that work for this institution, and to preserve the facilities that help support this institution. We have endeavored to do that responsibly, and I believe we have accomplished that goal.

Opponent's argument to vote No:Rep. SCALISE (R, LA-1): It's a sad day when someone attempts to cut spending in a bill that grows government by the size of 7%, and it's not allowed to be debated on this House floor. Some of their Members actually used the term "nonsense" and "foolishness" when describing our amendments to cut spending; they call that a delaying tactic. Well, I think Americans all across this country want more of those types of delaying tactics to slow down this runaway train of massive Federal spending. Every dollar we spend from today all the way through the end of this year is borrowed money. We don't have that money. We need to control what we're spending.

Ban stock trading based on Congressional insider knowledge.

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.

• Amends the Ethics in Government Act to require formal disclosure of certain securities and commodities futures transactions.
• Amends the Lobbying Disclosure Act to subject to its registration, reporting, and disclosure requirements all political intelligence activities, contacts, firms, and consultants.

Bill explanation (ProCon.org, "Insider Trading by Congress", Feb. 3, 2012):

• On Mar. 17, 2011, Tim Walz (D-MN) introduced the STOCK Act where it gained nine co-sponsors by Nov. 4, 2011.
• On Nov. 13, 2011, the TV show "60 Minutes" reported that several members of Congress allegedly used insider information for personal gain. The STOCK Act received 84 additional House co-sponsors in the five days following the report, and Scott Brown (R-MA) filed the STOCK Act in the Senate on Nov. 15, 2011. Kirsten Gillibrand (D-NY) also filed a variation of the STOCK Act in the Senate on Nov. 17, 2011.
• On Jan. 24, 2012, in his State of the Union Address, President Obama said "Send me a bill that bans insider trading by members of Congress, and I will sign it tomorrow."
• Immediately after the speech, Senate Majority Leader Harry Reid (D-NV) told reporters, "I think people should have enough sense not to do it [insider trading] without legislation, but I will support legislation."
• On Feb. 2, 2012, a revised version of the STOCK Act passed in the Senate by a vote of 96-3 with Senators Richard Burr (R-NC), Tom Coburn (R-OK), and Jeff Bingaman (D-NM) dissenting.

Full disclosure of campaign spending.

Disclosure of Information on Spending on Campaigns Leads to Open and Secure Elections Act of 2013 or DISCLOSE 2013 Act:

• Amends the Federal Election Campaign Act of 1971 to redefine the term "independent expenditure" as an expenditure that expressly advocates the election or defeat of a clearly identified candidate, or is the functional equivalent of express advocacy because it can be interpreted only as advocating the election or defeat of a candidate, taking into account whether the communication involved mentions a candidacy, a political party, or a challenger to a candidate, or takes a position on a candidates, qualifications, or fitness for office.
• Expands the period during which certain communications are treated as electioneering communications.
• Prescribes disclosure requirements for corporations, labor organizations, and campaign-related disbursements.
• Requires any communication transmitted through radio or television to include an individual or organizational disclosure statement, together with:
  1. the Top Two Funders List of the persons providing the largest and second largest aggregate payments of $10,000 or more for a radio communication, and
  2. the Top Five Funders List of the five persons providing the largest aggregate payments of $10,000 or more for a television communication.
• Repeals the prohibition against political contributions by individuals age 17 or younger.
• Requires a covered organization which submits regular, periodic reports to its shareholders, members, or donors on its finances or activities to include in each report, in a clear and conspicuous manner, the information included in the statements it has filed about campaign-related disbursements the organization has made during the period covered by the report.
• Requires semiannual reports on election campaign contributions by registered lobbyists for any independent expenditure of $1,000 or more, including electioneering communication.