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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Senate voted on CLOTURE for The STOCK Act Monday evening. Vote: 93 yeas, 2 nays
Measure Title: An original bill to prohibit Members of Congress and employees of Congress from using nonpublic information derived from their official positions for personal benefit, and for other purposes.
Vote Counts:
YEAs 93
NAYs 2
Not Voting 5
Roll call here: http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=112&session=2&vote=00003
Edited to add...
VIDEO of Lawrence O'Donnell's segment regarding The Stock Act and today's vote: http://www.msnbc.msn.com/id/3096434/#46198640
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The Senate voted on CLOTURE for The STOCK Act Monday evening. Vote: 93 yeas, 2 nays (Original Post)
Tx4obama
Jan 2012
OP
Richard Burr and Tom Coburn think they should be allowed to use their positions for insider trading?
Incitatus
Jan 2012
#2
Tx4obama
(36,974 posts)1. OP updated with VIDEO link. n/t
Incitatus
(5,317 posts)2. Richard Burr and Tom Coburn think they should be allowed to use their positions for insider trading?
Why would they vote against this when the level of support was obvious?
CaliforniaPeggy
(149,635 posts)3. Well, it's great news.
I must be getting cynical...
I keep thinking that somehow, someone will figure out a way around this...
Incitatus
(5,317 posts)6. Easy, they just don't trade in their name.
They can make recommendations to friends and family, or the managers of their so-called blind trusts.
WillowTree
(5,325 posts)4. Who was filibustering?
Tx4obama
(36,974 posts)5. I don't know for sure, but ....
Senator Richard Burr (R-NC) and Senator Tom Coburn (R-OK) voted against against cloture so my guess is that it was one of them.
A Democrat and a Republican introduced the bill
SNIP
The STOCK Act, authored by Sens. Kirsten Gillibrand (D-N.Y.) and Scott Brown (R-Mass.), would ban trading by members of Congress guided by nonpublic economic or political information. It would also improve disclosures of all stock trades and other financial maneuvers by members of Congress, by requiring them to publicly detail each transaction within 30 days. Lawmakers are currently granted a full year of secrecy before disclosing such financial activities. ...
SNIP
http://www.huffingtonpost.com/2012/01/26/stock-act-insider-trading-bill-senate_n_1234067.html
Tx4obama
(36,974 posts)7. Republicans are saying there wasn't an objection and that Reid hadn't needed to file for cloture
Here: http://thehill.com/blogs/floor-action/senate/207423-reid-republicans-are-trying-to-stop-the-stock-act
Hmm, seems strange that Sen Reid would have filed for cloture if there wasn't an objection first.
MADem
(135,425 posts)9. To limit the debate, maybe? I mean, really--what's there to talk about?
Sure looks like someone was making trouble....
Reid filed for cloture before adjourning the Senate on Friday, which would generally indicate that at least one senator had objected to allowing Democratic leadership to bring the bill to the floor for debate. Reid's move set up the 5:30 p.m. vote for Monday which could allow the legislation on the Senate floor.
jmowreader
(50,559 posts)12. Reid probably filed for cloture as an editorial comment...
Since you have to file for cloture on everything these days, Reid probably filed for cloture on a bill Repukes liked just to show how stupid it's gotten in there.
MADem
(135,425 posts)8. Well, now we move forward. We're no where near done, yet, though. nt
Cali_Democrat
(30,439 posts)10. The Obama bully pulpit works
Any questions?
Tx4obama
(36,974 posts)11. The only question that remains is ...
what will The House do after The Senate holds a final vote.
ellisonz
(27,711 posts)13. I'm going to laugh so hard...
...if it dies in the House.
Found in Yonkers
(100 posts)14. DR
Senate. Functioning? Me.....Confused!