ACTION ALERT: STOCK Act Reversal Signed by President [View all]

Occupy Wall Street ‏@OccupyWallStNYC

Today, Obama signed into law a reversal of the STOCK Act, letting politicians off hook 4 corrupt financial dealings:
http://www.opensecrets.org/news/2013/04/action-alert-stock-act-reversal-signed.html …


President Obama has just signed a rollback of key transparency provisions of the STOCK Act.

Late Thursday night, as we reported last week, the Senate gutted the disclosure requirements by approving S.716, an act amending the requirements of the 2011 law. The House followed suit the next day, and the president signed the bill minutes ago.

The bill doesn't just eliminate a controversial requirement that personal financial disclosures of tens of thousands of high level federal employees be made publicly accessible online. It also reverses two critical components of the original STOCK act: mandatory electronic filing of PFDs by the president, his cabinet and members of Congress, and the creation of a publicly accessible database.

The elements of the STOCK Act that were removed include:

(Are at the link.)