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The undue influence of corporate money in public policy is at the root of nearly all the major problems facing the U.S. right now, and in the wake of the Citizens United decision it's only going to get worse. That's why it was good to hear President Obama call out the "corrosive influence of money in politics" during his State of the Union speech. Unfortunately, his primary call to action doesn't even address the real issue.

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Congress Links - STOCK Act

January 30, 2012 - by David Moore

Congress Links for Monday, Jan. 30th. The Hill: "The Senate meets at 2 p.m. for speeches, and then at 4:30 p.m. starts work on the Stop Trading on Congressional Knowledge (STOCK) Act, which aims to prevent members of Congress from making trades based on non-public information." (At right: Sen. Gillibrand, Senate version sponsor.) The STOCK Act has 99% support from "MyOC" users - visit to the Money Trail for a list of organizations supporting S. 1903, including Common Cause. Click through for more background & links. 

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Following last month's 60 Minutes expose on insider trading by Congress, the House Financial Service Committee Act is holding a mark-up this morning of the STOCK Act, which seeks to end the practice of members of Congress trading stocks based on nonpublic information. Under current law, insider trading laws are hardly ever enforced for members of Congress, and we've known for some time that members' investments consistently outperform the market by a significant amount. Legislation to stop congressional insider trading has been pending in the House and Senate for 6 years, and only now is the bill starting to move forward.

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