Slaughter, Duncan Introduce Bipartisan Legislation to Bring Transparency to Political Intelligence Industry
WASHINGTON, DC — Today, Representatives Louise M. Slaughter (D-NY) and John J. Duncan (R-TN) introduced the bipartisan Political Intelligence Transparency Act. The bill would bring long-overdue transparency to the political intelligence industry, which generates $400 million in annual profits by gleaning information from the halls of government and selling it to Wall Street to inform investment decisions. This industry continues to operate with little scrutiny despite its powerful impact on financial decision making. This legislation would expand the 2012 Stop Trading On Congressional Knowledge (STOCK) Act and subject those who engage in political intelligence to the same regulations and requirements as lobbyists.
The Political Intelligence Transparency Act is endorsed by Public Citizen, Citizens for Responsibility and Ethics in Washington (CREW), the Sunlight Foundation, Common Cause, Campaign for Accountability, Center for Media and Democracy, and Government Accountability Project.
Read the rest of the press release here.