Eric Can’tor is a truly clueless specimen:
House Majority Leader Eric Cantor (R-VA) faced criticism on Wednesday for introducing a version of the STOCK Act which many said had severely weakened the legislation.
In a rare showing of bipartisanship, the Senate voted 93 to 3 last week to approve the STOCK Act.
The bill prohibits lawmakers and their staff from trading stocks based on information they learn during congressional briefings and related work, among others things. It corrects the ambiguity in existing laws by empowering the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to ensure that members of Congress and their staff can be held accountable for illegally trading on non-public information.
Cantor’s version of the legislation, however, did not include provisions that require registration by political intelligence consultants, strip pension benefits from corrupt members of Congress and close loopholes in the nation’s anti-corruption laws.
Cantor’s version of the STOCK Act also omits a provision that would require political-intelligence practitioners to adhere to the same registration requirements of lobbyists.
The bill is set for a House vote Thursday.
The larger question here is whether or not Can’tor’s fellow NeoConfederates will follow him off the cliff – you may recall that when President Obama suggested closing this odious loophole during the State of the Union address, it wasn’t exactly universally accepted:
We’ll know in a few hours.