Thursday, February 2, 2012

STOCK Act bogged down by congressional lard

President Barack Obama made it sound easy in his State of the Union address: Pass the STOCK Act “tomorrow” so he could sign it into law.

But it’s proving to be anything but easy.

Democrats and Republicans have proposed an avalanche of populist-tinged amendments and poison pills certain to become fodder for 30-second attack ads. On top of that, there appear to be growing reservations among senators over the potentially sweeping ramifications of the bill, a sign that the body was ill-prepared for the full-fledged debate over ethics and senatorial conduct that it now finds itself in.

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