Tag: US Congress

New Senate bill bans lawmakers from trading individual stocks : NPR

A bipartisan group of Senators unveiled a new proposal that would ban members of Congress, their spouses and dependent children from trading individual stocks. Oregon Democratic Senator Jeff Merkley, Michigan Senator Gary Peters, Georgia Democratic Senator Jon Ossoff and Missouri Republican Senator Josh Hawley are outlining a new version of a measure dubbed the “ETHICS Act,” Ending Trading and Holdings…

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House GOP Unveils Bill to Strike SEC Climate Disclosure Rule

House Republicans unveiled a bill Wednesday to nullify the Securities and Exchange Commission’s landmark corporate climate risk disclosure rule, joining a flurry of efforts in courts to kill the mandate. The bill, introduced by Rep. Bill Huizenga (R-Mich.), would use the Congressional Review Act to overturn the rules, which are currently on pause. The commission froze implementation of its regulation…

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UC Berkeley Graduate Students Use AI To Track Insider Trading By Congress – MITechNews

Fifth Year Master of Information and Data Science students Matthew Dodd, Aditya Shah, Jocelyn Thai, and Ethan Yen are the winners of the 5th Year MIDS Capstone Award for their project, PoliWatch. Their project addresses a common issue in Congress: insider trading. Despite a fifth of trades by Congress being reported as problematic, little has been done to hold politicians accountable. To gather information on stock trades,…

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Anonymous Crypto Interests Bombard Key Senator Sherrod Brown With Political Ads

U.S. Sen. Sherrod Brown (D-Ohio), the chairman of the Senate Banking Committee, is arguably the most important lawmaker currently standing in the way of a crypto regulation bill, and industry interests have paid for a new campaign in his own back yard to nudge him. The brand new Cedar Innovation Foundation – a crypto-backed organization that won’t identify who is…

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Gary Gensler Explains Why SEC Is Taking Litigation-Heavy Strategy to Regulate Crypto – Regulation Bitcoin News

Congressman John Rose (R-TN) asked Gensler: “Regarding cryptocurrencies … I’m interested in why you have pursued a litigation-heavy strategy despite the fact that neither you nor any of your senior staff are litigators — neither your Chief of Staff nor your Policy Director or even your General Counsel. Why have you settled on such a litigation-heavy strategy to address the…

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Sens. Ossoff, Kelly Introduce Bill Banning Stock Trading by Members of Congress – U.S. Senator for Georgia Jon Ossoff

U.S. Senator Jon Ossoff is introducing legislation to ban stock trading by members of Congress. Sens. Ossoff and Mark Kelly (D-AZ) today introduced the Ban Congressional Stock Trading Act, which will require all members of Congress, their spouses, and dependent children to place their stocks into a blind trust or divest the holding — ensuring they cannot use inside information to influence…

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Senators to Propose Ban on U.S. Lawmakers, Executive Branch Members Owning Stock – WSJ

Two U.S. senators are set this week to introduce bipartisan legislation to bar members of the federal executive branch and lawmakers from owning stock in individual companies, as new polling shows broad public support for such a measure. The bill from Sens. Kirsten Gillibrand (D., N.Y.) and Josh Hawley (R., Mo.) would permit the president, vice president, lawmakers, Capitol Hill…

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Congressman Torres Tells SEC Chairman to End Crypto ‘Crusade’ After Ripple Ruling

On Monday, Gensler said he was “disappointed” in the judge’s ruling, and that the commission is “looking at it and assessing that option.” However, Torres asserted that the SEC’s odds of scoring an immediate appeal on the ruling are “vanishingly small,” since some issues in the case will require fact-finding, which takes time. In the meantime, the precedent set by…

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Getting a crypto bill through Congress is only the first hurdle, policy expert says – Blockworks

Though congressional leaders have continued to spar over the best course of action for crypto regulation, getting a bill to the president’s desk may only be the start of the battle. Federal policy expert Dorothy DeWitt cautoned crypto companies on Friday that even if policy advances, rules can take a decade or more to pass. DeWitt served as former chief…

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