While the media and most of the American public has been engrossed watching looped coverage of pressure-cooker-and-BB bombs going off and the oh-so-sensitive-and-touching film of people with gross amputations of limbs, some interesting little items have been largely unnoticed. So I thought I'd help you all notice them.
1) The President and Congress Returned Some Insider-Trading-Gained Feathers to Their Nests
From The Hill's On The Money blog:
President Obama quietly signed legislation Monday that rolled back a provision of the STOCK Act that required high-ranking federal employees to disclose their financial information online.
The White House announced Monday that the president had signed S. 716, which repealed a requirement of the Stop Trading on Congressional Knowledge (STOCK) Act requiring the disclosure, which had previously been delayed several times by Congress.That provision, added to the bipartisan bill aimed at halting insider trading by members of Congress, would have required roughly 28,000 senior government officials to post their financial information online, and had come under harsh criticism from federal government employee unions.
Both chambers of Congress quickly — and near silently — approved the repeal legislation at the end of last week by unanimous consent, just before heading home to their districts.The long and short of it is that S.716 delays for another year the creation of a publicly accessible database that would disclose any insider trading by Congress or the President.
Interestingly, just a year or so ago, this very same President and Congress made a great show of passing this legislation to begin with, in order to restore confidence in Congress. I'm feeling really confident; how about you? Read more here.