Terri Sewell on Government Reform
Ban stock trading based on Congressional insider knowledge.
Sewell co-sponsored STOCK Act
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):
Source: H1148/S1871 11-S1871 on Nov 15, 2011
- 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.
Require full disclosure of independent campaign expenditures.
Sewell co-sponsored DISCLOSE Act
Wikipedia & OnTheIssue Summary:
- Democracy Is Strengthened by Casting Light On Spending in Elections Act of 2012 or DISCLOSE Act:
- Amends the Federal Election Campaign Act of 1971 (FECA) to add to the definition of "independent expenditure" an expenditure by a person that expressly advocates the election or defeat of a clearly identified 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 certain other entities, including a political committee with an account established for the purpose of accepting donations or contributions that do not comply with the contribution limits or source prohibitions under FECA (but only with respect to such accounts).
- Repeals the prohibition against political contributions by individuals age 17 or younger.
- On January 21, 2010, the Supreme Court, in Citizens United v. Federal Election Commission, ruled that prohibiting corporations and unions from making independent expenditures in political campaigns was unconstitutional. This ruling is frequently described as permitting corporations and unions to donate to political campaigns, but these claims are incorrect. The ruling did remove the previous ban on corporations and organizations using their funds for direct advocacy, including endorsing for or against specific candidates, actions that were previously prohibited.
The result of Citizens United was that "Super PACs" spent millions on TV ads in the 2012 election, advocating both issues and candidates. The DISCLOSE Act attempts to reduce the negative effect of Citizens United by requiring disclosure of independent expenditures made by advocacy groups.
Source: S3369/HR4010 12-HR4010 on Feb 9, 2012
Establish 15 days of early voting in all states.
Sewell co-sponsored SIMPLE Voting Act
A BILL to amend the Help America Vote Act of 2002 to require States to establish a minimum period of 15 days for early voting prior to the date of an election for Federal office and to ensure that no individual will be required to wait for longer than one hour to cast a ballot at a polling place in an election for Federal office.
Source: H.R.6591 12-HR6591 on Nov 15, 2012
- This Act may be cited as the 'Streamlined and Improved Methods at Polling Locations and Early Voting Act' or the 'SIMPLE Voting Act'.
- Each State shall allow individuals to vote in an election for Federal office on each day occurring during the 15-day period which ends 2 days before the date of the election, in the same manner as voting is allowed on such day.
- Minimum Early Voting Requirements: Each polling place shall allow such voting for not less than 10 hours on each day; and have uniform hours each day for which such voting occurs.
Location of Polling Places Near Public Transportation: To the greatest extent practicable, a State shall ensure that each polling place is located within reasonable walking distance of a stop on a public transportation route.
- A Commission shall issue standards for the administration of early voting, including the nondiscriminatory geographic placement of polling places at which such voting occurs.
- The standards shall permit States to deviate from any requirement in the case of unforeseen circumstances such as a natural disaster, terrorist attack, or a change in voter turnout.
- Each State shall provide a sufficient number of voting systems, poll workers, and other election resources (including physical resources) at each polling place to ensure that no individual will be required to wait longer than one hour to cast a ballot.
2012 Governor, House and Senate candidates on Government Reform:
Terri Sewell on other issues:
Left 113th Congress, 2013-2014:
AL-1: Jo Bonner(R,resigned)
IL-2: Jesse L. Jackson(D,convicted)
LA-5: Rodney Alexander(R,resigned)
MA-5: Ed Markey(D,elected)
MO-8: Jo Ann Emerson(R,resigned)
NJ-1: Rob Andrews(D,investigated)
SC-1: Tim Scott(R,appointed)
Newly-elected special elections 2013-2014:
AL-1: Bradley Byrne(R)
IL-2: Robin Kelly(D)
LA-5: Vance McAllister(R)
MA-5: Katherine Clark(D)
MO-8: Jason Smith(R)
NC-12: Pending Jul.15
NJ-1: Pending Nov.4
SC-1: Mark Sanford(R)
Won primary 2014:
MA-6 :Richard Tisei(R)
TX-4: John Ratcliffe(R)
VA-7: Dave Brat(R)
AL-6 :Gary Palmer(R)
AR-4 :Bruce Westerman(R)
CO-4 :Ken Buck(R)
GA-1 :Buddy Carter(R)
IA-1 :Pat Murphy(D)
MI-4 :John Moolenaar(R)
MN-6 :Tom Emmer(R)
NC-6 :Mark Walker(R)
NC-7 :David Rouzer(R)
NJ-12:Bonnie Watson Coleman(R)
NY-4 :Kathleen Rice(D)
OK-5 :Steve Russell(R)
UT-4 :Mia Love(R)
VA-8 :Don Beyer(D)
Retiring to run for Senate in 2014:
AR-4: Tom Cotton(R)
CO-4: Cory Gardner(R)
GA-1: Jack Kingston(R)
HI-1: Colleen Hanabusa(D)
IA-1: Bruce Braley(D)
LA-6: Bill Cassidy(R)
MT-0: Steve Daines(R)
OK-5: James Lankford(R)
WV-2: Shelley Moore Capito(R)
Former Reps running for House in 2014:
CA-3: Doug Ose(R)
HI-1: Charles Djou(R)
KS-4: Todd Tiahrt(R)
MI-4: Peter Konetchy(R)
MS-4: Gene Taylor(D)
MT-0: Denny Rehberg(R)
NH-1: Frank Guinta(R)
OH-7: John Boccieri(D)
Lost primary 2014:
MA-6: John Tierney(D)
TX-4: Ralph Hall(R)
VA-7: Eric Cantor(R)
Retiring to run for State Office in 2014:
AR-2: Tim Griffin(R)
ME-2: Mike Michaud(D)
VI-0: Donna Christensen(D)
Retiring effective Jan. 2015:
AL-6: Spencer Bachus(R)
AZ-7: Ed Pastor(D)
IA-3: Tom Latham(R)
MI-4: Dave Camp(R)
MI-6: Tom Petri(R)
MN-6: Michele Bachmann(R)
NC-6: Howard Coble(R)
NC-7: Mike McIntyre(D)
NJ-3: Jon Runyan(R)
NY-4: Carolyn McCarthy(D)
PA-6: Jim Gerlach(R)
UT-4: Jim Matheson(D)
VA-8: James Moran(D)
WA-4: Doc Hastings(R)
Office 1133 LHOB, Wash., DC 20515
Page last updated: Nov 24, 2014