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February 9, 2012

House to Vote on Weakened Ethics Rules 
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House lawmakers are expected to pass a watered-down version of
legislation today banning insider-trading in Congress. House Republican
leader Eric Cantor has stripped The Stop Trading on Congressional
Knowledge Act — or Stock Act — of a rule that would have
required political intelligence consultants to register in the same way
as lobbyists. Democratic Rep. Louise Slaughter of New York said the
public needs to know more about these consultants, who she said, "glean
information from members of Congress and staff and sell it to clients
who make a lot of money off it."