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Congress / Insider Trading / A Discussion #1009651

CNN Evening News for Tuesday, Dec 13, 2011
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(Studio: Anderson Cooper) The issue of legal legislative graft by members of Congress and the shelving of a bill {The Stock Act} to prevent their use of inside information introduced; scenes shown from Steve Kroft's "60 Minutes" story about how Congress is exempt from the inside trading laws. The cases of Representatives Spencer Bacchus and Pelosi's connection to Visa's IPO outlined. CNN calls to every member of Congress to get their view on The Stock Act reviewed. [Representative Eric CANTOR - speaks about the bill.] Cantor's role in delaying the bill detailed withy a response from Representative Louise Slaughter quoted.

(Studio: Anderson Cooper) Live discussion held with former Representative Brian Baird and CREW director Melanie Sloan about The Stock Act. [BAIRD - asks why Cantor won't set a date for the vote on the bill; reacts to the Congressional reaction to the proposal to end insider trading for members.] [SLOAN - says Cantor killed the bill against insider trading by postponing it; explains how the current law does not seem to apply to Congress so legislation is needed.]

Reporter(s):
Cooper, Anderson
Duration:
00:11:00

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