Friday, April 12, 2013

Shameful: Congress rushes through bill to exempt their staff from online financial disclosure...

In some bad ways, politicians of both parties are the same.  We really need term limits.

Via The Washington Times:
Congress this week approved a bill to free thousands of federal government employees from having to disclose their financial dealings online, rushing the bill through the Senate late Thursday and through the House on Friday.

But the push to undo the online reporting requirement is proving to be controversial.

The National Academy of Public Administration (NAPA) said that posting all of that information online posed a national security risk. But the Sunlight Foundation, an open government group, said releasing staffers from online disclosure eviscerates part of last year’s Stock Act, designed to stop insider trading by federal officials.

“Rather than craft narrow exemptions, or even delay implementation until proper protections could be created, the Senate decided instead to exclude legislative and executive staffers from the online disclosure requirements,” Lisa Rosenberg, government affairs consultant for the Sunlight Foundation, wrote in a blog posting. Read more here...

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