Cedric Richmond on Government Reform

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.

Require full disclosure of independent campaign expenditures.

Congressional 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

  No photo IDs to vote; they suppress the vote.

  Richmond signed Voting Rights Amendment Act

  Congressional Summary:Amends the Voting Rights Act of 1965 with respect to the requirement that a federal court retain jurisdiction for an appropriate period to prevent commencement of new devices to deny or abridge the right to vote. Expands the types of violations triggering the authority of a court to retain such jurisdiction to include certain violations of the Act as well as violations of any federal voting rights law that prohibits discrimination on the basis of race, color, or membership in a language minority group. [This bill would ban requiring photo IDs in order to vote].

  Opponents recommend voting NO because:Sen. Bob Dole (on related bill from 2007, whether to add an amendment allowing photo ID): I am proposing a commonsense measure to uphold the integrity of Federal elections. My amendment to require voters to show photo identification at the polls would go a long way in minimizing potential for voter fraud. When a fraudulent vote is cast and counted, the vote of a legitimate voter is cancelled. This is wrong, and my amendment would help ensure that one of the hallmarks of our democracy, our free and fair elections, is protected. Opinion polls repeatedly confirm that Americans overwhelmingly support this initiative.

  Proponents support voting YES because:Sen. Dianne Feinstein (on related bill from 2007): If one would want to suppress the vote in the 2008 election, one would vote [for Dole's amendment] this because this measure goes into effect January 1, 2008. It provides that everybody who votes essentially would have to have a photo ID. If you want to suppress the minority vote, the elderly vote, the poor vote, this is exactly the way to do it. Many of these people do not have driver's licenses. This amendment would cost hundreds of millions of dollars to actually carry out. It goes into effect--surprise--January 1, 2008 [to affect the presidential election].

  Source: H.R.3899/S.1945 14_H3899 on Jan 16, 2014

  Establish "My Voice Voucher" small campaign contributions.

  Richmond co-sponsored Government By the People Act

  Congressional summary:

  • A refundable tax credit of 50% of congressional House campaign contributions, to be known as "My Voice Federal" contributions.
  • Establishes the Government by the People Oversight Commission, which will launch a pilot program and select 3 eligible states to operate a voucher pilot program.
  • Provide each qualified individual during the election cycle, upon his or her request, with a "My Voice Voucher" worth $50 (in either paper or electronic form).
  • Authorizes the individual to submit the My Voice Voucher to qualified federal election candidates, allocating a portion of its value in $5 increments.
  • Prohibits a certified participating candidate from establishing or controlling a leadership PAC (political action committee).

  Proponent's argument in favor (by Reps. Nancy Pelosi & John Sarbanes): Citizens United shook the foundation of our democracy: the principle that it is the voices of the people, not the bank accounts of the privileged few, that determine the outcome of our elections and the policies of our government. Most members of Congress would leap at the chance to fund their campaigns without having to turn to a familiar cast of big donors and entrenched interests. Today, that's virtually impossible. But we can and must break the grip of special interests on our politics: rally around H.R. 20.

  Opponent's argument against (The Examiner): The proposed legislation seeks to undo the Citizens United v. FEC ruling which has been a thorn in the side of progressives ever since the Supreme Court ruled in 2010 that political spending was "a form of protected speech under the First Amendment." Although the "Government by the People Act" innocently claims to want to get big money out of politics, the real goal is to smash the Tea Party. The fear that conservative groups would have access to funds typically granted to progressive groups and unions was too much to bear.

  Source: H.R.20 14-H0020 on Feb 5, 2014

  Public financing of federal campaigns by voter vouchers.

  Richmond co-sponsored H.R.20 & S.366

  Congressional Summary:<

  • Allow a refundable tax credit of 50% of cash contributions to congressional House campaigns, to be known as "My Voice Federal" contributions.
  • Select three states to operate a voucher pilot program.
  • Provide, upon request, a "My Voice Voucher" worth $50.
  • Authorizes the individual to submit the My Voice Voucher to qualified federal election candidates, allocating a portion of its value in $5 increments.
  • Permits an individual to revoke a My Voice Voucher within two days after submitting it to a candidate.
  • Establishes the Freedom From Influence Fund in the Treasury [for 6-to-1 matching funds for the vouchers].
  • Allows taxpayers to designate overpayments of tax for contribution to the Freedom From Influence Fund.

  Supporters reasons for voting YEA:Rep. Sarbanes: Big money warps Congress' priorities and erodes the public's trust in government. This bold new legislation returns voice and power back to the American people:

  1. Empower everyday citizens to fuel Congressional campaigns by providing a My Voice Tax Credit.
  2. Amplify the voices of everyday Americans through a 6-to-1 match.
  3. Prevent Super PACs from drowning out small donor-backed candidates.

  Opponents reasons for voting NAY:(Bill Moyers, Feb. 19, 2015): This citizen engagement strategy, particularly when used to court small donors, is not without its critics. Small donors, at least in the current system, often tend to be political ideologues. That trend leaves many asking: won't moving to small donors just empower extremists? Sarbanes counters, if Congress changes the political fundraising rules, they will also change the calculus for "the rational small donor who right now isn't going to give $25 because they've figured out that it's not going to matter." The prospect of a 6-to-1 match might very well impact how those less ideologically extreme potential donors think about political giving.

  Source: Government By the People Act 15_H020 on Jan 21, 2015

  Statehood for the District of Columbia.

  Richmond co-sponsored H.R.317

  Congressional Summary: Sets forth procedures for admission into the United States of the state of New Columbia.

  • Requires the Mayor of the District of Columbia to submit to the voters propositions for statehood and adoption of a State Constitution, and issue a proclamation for the first elections to Congress of two Senators and one Representative of New Columbia.
  • Requires the President to issue a proclamation announcing the results and admitting New Columbia into the Union.
  • Provides for conversion of District government offices to state offices.

  Opponents reasons for voting NAY: (DCist.com, Sept. 2014): The Argument Against: Congress does not have the authority to grant statehood to D.C.; the 23rd amendment, which gave D.C. three electoral votes, would have to be repealed before statehood was granted. Washington is a wholly urban, one-industry town, dependent on the federal government far in excess of any other state. Moreover, with Congress no longer having authority over New Columbia but dependent on it, New Columbia could exert influence on the federal government far in excess of any other state.

  Supporters reasons for voting YEA: [Rep. Eleanor Holmes Norton, D-DC; the District of Columbia has one representative to Congress and no Senators; Rep. Holmes can introduce bills but her vote does not count]: This 51st state would have no jurisdiction over the federal territory or enclave that now consists of the Washington that Members of Congress and visitors associate with the capital of our country. Those would remain under federal jurisdiction. The New Columbia Admission Act was the first bill I introduced in 1991. Statehood is the only alternative for the citizens of the District of Columbia. To be content with less than statehood is to concede the equality of citizenship that is the birthright of our residents as citizens of the United States.

  Source: New Columbia Admission Act 15_H317 on Jan 13, 2015

  Automatic voter registration for all citizens.

  Richmond co-sponsored H.R.12 & S.1088

  Congressional Summary:

  • Require each state to make available official public websites for online voter registration.
  • Authorizes automated voter registration and establishes same day registration, and voter registration of individuals under 18 years of age.
  • Declares that the right to vote shall not be denied because that individual has been convicted of a criminal offense.

  Supporters reasons for voting YEA: (BrennanCenter.org): Too many Americans go to vote on Election Day only to find their names are not on the voter rolls--often, wrongly deleted. The US is on the verge of a new paradigm for registering voters: automatic, permanent registration of eligible voters, which would add up to 50 million eligible voters to the rolls.

  Opponents reasons for voting NAY: (Gov. Christie's veto message on the "Democracy Act", Nov. 2015): Christie called a provision establishing automatic voter registration that requires New Jerseyan to opt out a "government-knows-best, backwards approach that would inconvenience citizens and waste government resources for no justifiable reason." Automatic voter registration would have added 1.6 million people to the state's voter rolls.

  (PopVox.org blog)
  • TN-8: I have voted in every election federal, state or local that I chose to. If people want to vote there is nothing but laziness preventing them from doing so today! Regarding photo ID's you have one to drive, buy alcohol, and go to the doctor.
  • AL-2: This bill is so general that anyone that is alive, has lived, or will live in this century will be able to vote as well as non-Americans, pets, people without voting rights, and some people multiple times.
  • TN-3: This bill will surely bring about fixed voting in favor of the one who can cheat the most. How about having a voter photo card and a test to see if they are capable of voting and not just voting for whoever promises them more free stuff.
  Source: Voter Empowerment Act 15-H12 on Mar 19, 2015

  Holiday on election day; revamp for easier voting access.

  Richmond voted YEA For the People Act of 2019
  • This bill expands voter registration and voting access, makes Election Day a federal holiday, and limits removing voters from voter rolls.
  • The bill provides for states to establish independent, nonpartisan redistricting commissions.
  • The bill also sets forth provisions for sharing intelligence information with state election officials, and supporting states in securing their election systems, and establishing the National Commission to Protect U.S. Democratic Institutions.
  • This bill addresses campaign spending, by expanding the ban on foreign nationals contributing to or spending on elections; and expanding disclosure rules.
  • This bill establishes an alternative campaign funding system [with] federal matching of small contributions for qualified candidates.
  • The bill also requires candidates for President and Vice President to submit 10 years of tax returns.

    Opposing argument from the Heritage Foundation, 2/1/2019: HR1 federalizes and micromanages the election process administered by the states, imposing unnecessary mandates on the states and reversing the decentralization of the American election process. What HR1 Would Do:

    • Seize the authority of states to regulate the voting process by forcing states to implement early voting, automatic voter registration, same-day registration, online voter registration, and no-fault absentee balloting.
    • Make it easier to commit fraud at the polls through same-day registration, as election officials have no time to verify the accuracy of voter registration.
    • Degrade the accuracy of registration lists by automatically registering individuals from state databases, such as DMV.
    • Cripple the effectiveness of state voter ID laws by allowing individuals to vote without an ID and merely signing a statement in which they claim they are who they say they are.

    Legislative outcome: Passed House 234-193-5 on 3/8/19; received with no action in Senate thru 12/31/2019

    Source: Supreme Court case 19-S949 argued on Jan 3, 2019

    Trump obstructed Congress by ignoring every subpoena.

    Richmond signed House Judiciary Impeachment Report

    The [Congressional report on Impeachment] describes the second charge against President Trump: obstruction of Congress. President Trump did everything in his power to obstruct the House's impeachment inquiry. Following his direction not to cooperate with the inquiry, the White House and other agencies refused to produce a single document in response to Congressional subpoenas. President Trump also attempted to muzzle witnesses, threatening to damage their careers if they agreed to testify, and even attacked one witness during her live testimony before Congress.

    To their great credit, many witnesses from across government--including from the National Security Council, the Department of State, and the Department of Defense--ignored the President's unlawful orders and cooperated with the inquiry. In the end, however, nine senior officials followed President Trump's direction and continue to defy duly authorized Congressional subpoenas.

    Other Presidents have recognized their obligation to provide information to Congress under these circumstances. President Trump's stonewall, by contrast, was categorical, indiscriminate, and without precedent in American history. The Constitution grants the "sole Power of Impeachment" to the House of Representatives. Within our system of checks and balances, the President may not decide what constitutes a valid impeachment inquiry. Nor may he ignore lawful subpoenas for evidence and testimony or direct others to do so. If a President had such authority, he could block Congress from learning facts bearing upon impeachment in the House or trial in the Senate and could thus control a power that exists to restrain his own abuses.

    The evidence shows clearly that President Trump has assumed this power for himself and, left unchecked, the President will continue to obstruct Congress through unlawful means.

    Source: Judiciary Committee Impeachment Report (H.R.755), p. 3-4 ImpeachC on Dec 13, 2019

    Trump mistakes himself for a monarch.

    Richmond signed House Judiciary Impeachment Report

    Impeachment is the Constitution's final answer to a President who mistakes himself for a monarch. When the President concludes that free and fair elections threaten his continued grasp on power, and therefore seeks to corrupt or interfere with them, he denies the very premise of our constitutional system. The American people choose their leaders; a President who wields power to destroy opponents or manipulate elections is a President who rejects democracy itself.

    As Madison recognized, 'In framing a government which is to be administered by men over men, the great difficulty lies in this: You must first enable the government to control the governed; and in the next place oblige it control itself.' Impeachment is the House's last and most extraordinary resort when faced with a President who threatens our constitutional system. It is a terrible power, but only 'because it was forged to counter a terrible power: the despot who deems himself to be above the law.' The consideration of articles of impeachment is always a sad and solemn undertaking. In the end, it is the House--speaking for the Nation as a whole--that must decide whether the President's conduct rises to the level of "high Crimes and Misdemeanors" warranting impeachment.

    Source: House Judiciary Committee Report on Constitutional Grounds ImpeachF on Dec 13, 2019

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