Laura Richardson on Government Reform Democrat

Voted YES on Senate pay raise.

Makes appropriations to the Senate for FY2010 for:
1. expense allowances;
2. representation allowances for the Majority and Minority Leaders;
3. salaries of specified officers, employees, and committees (including the Committee on Appropriations);
4. agency contributions for employee benefits;
5. inquiries and investigations;
6. the Senate Caucus on International Narcotics Control;
7. the Offices of the Secretary and of the Sergeant at Arms and Doorkeeper of the Senate;
8. miscellaneous items;
9. the Senators' Official Personnel and Office Expense Account; and
10. official mail costs.

Proponent's argument to vote Yes:Rep. WASSERMAN SCHULTZ (D, FL-20): We, as Members of Congress, have responsibility not just for the institution, but for the staff that work for this institution, and to preserve the facilities that help support this institution. We have endeavored to do that responsibly, and I believe we have accomplished that goal.

Opponent's argument to vote No:Rep. SCALISE (R, LA-1): It's a sad day when someone attempts to cut spending in a bill that grows government by the size of 7%, and it's not allowed to be debated on this House floor. Some of their Members actually used the term "nonsense" and "foolishness" when describing our amendments to cut spending; they call that a delaying tactic. Well, I think Americans all across this country want more of those types of delaying tactics to slow down this runaway train of massive Federal spending. Every dollar we spend from today all the way through the end of this year is borrowed money. We don't have that money. We need to control what we're spending.

Election reform is #1 priority to prevent disenfranchisement.

• Election Reform is the CBC’s Number One Legislative Priority. What happened in Election 2000 is no way to elect the President – the most powerful position in the world. For the sake of our democracy, it is imperative that Election Reform be the top priority of every Member of Congress, and every American. As the world’s oldest and leading democracy, the outcome of our elections should never be in doubt. We must ensure that every vote cast is counted and that everyone who is eligible to vote is allowed to vote. Election reform is not a black issue or white issue, it is a red, white & blue issue. Voting is the most fundamental right guaranteed under the Constitution and must be protected.
• Voter Education and Participation. African-Americans turned out to vote in Election 2000 in record numbers, many for the first time. This accomplishment, however, was undercut by allegations of voter intimidation, inaccurate voter registration lists, flawed ballot designs, and antiquated voting machinery. All of these problems led to confusion before, during and after the election. The CBC will partner with state & local governments, civic & religious organizations and higher education institutions to prevent voter intimidation, as well as to enhance and improve voter registration, education and participation.
• Congress Must Act. Congress has the power, authority and absolute obligation to assure that the apparent disenfranchisement does not ever happen again. The CBC is committed to passing a strong and effective election reform package. Legislation should address ballot design, modern voting machines, an accurate vote-counting mechanism that allows for recounts, the restoration of voting rights for ex-offenders, assistance for bilingual and disabled persons who vote, and ensure the most accurate voter registration rolls on election day so that every one who is eligible to vote can vote, and have that vote counted.

Ban stock trading based on Congressional insider knowledge.

Congressional Summary:Stop Trading on Congressional Knowledge Act (STOCK Act): Amends the Securities Exchange Act and the Commodity Exchange Act to prohibit purchase or sale of either securities or commodities by a person in possession of material nonpublic information regarding pending or prospective legislative action.

• Amends the Ethics in Government Act to require formal disclosure of certain securities and commodities futures transactions.
• Amends the Lobbying Disclosure Act to subject to its registration, reporting, and disclosure requirements all political intelligence activities, contacts, firms, and consultants.

Bill explanation (ProCon.org, "Insider Trading by Congress", Feb. 3, 2012):

• On Mar. 17, 2011, Tim Walz (D-MN) introduced the STOCK Act where it gained nine co-sponsors by Nov. 4, 2011.
• On Nov. 13, 2011, the TV show "60 Minutes" reported that several members of Congress allegedly used insider information for personal gain. The STOCK Act received 84 additional House co-sponsors in the five days following the report, and Scott Brown (R-MA) filed the STOCK Act in the Senate on Nov. 15, 2011. Kirsten Gillibrand (D-NY) also filed a variation of the STOCK Act in the Senate on Nov. 17, 2011.
• On Jan. 24, 2012, in his State of the Union Address, President Obama said "Send me a bill that bans insider trading by members of Congress, and I will sign it tomorrow."
• Immediately after the speech, Senate Majority Leader Harry Reid (D-NV) told reporters, "I think people should have enough sense not to do it [insider trading] without legislation, but I will support legislation."
• On Feb. 2, 2012, a revised version of the STOCK Act passed in the Senate by a vote of 96-3 with Senators Richard Burr (R-NC), Tom Coburn (R-OK), and Jeff Bingaman (D-NM) dissenting.