Last week President Obama signed a partial repeal of the Stop Trading on Congressional Knowledge(Stock) Act. The act, aimed at stopping insider trading within the government would require lawmakers, their staff, and some executive branch officials personal finances public and in searchable format online. However, members of Homeland Security and the CIA have raised concerns that such a database would allow enemies to single out certain people in the government that they could exploit. The partial repeal that Obama signed will halt the online database for the large majority of government officials previously required to register.
Some critics see this as a roundabout way to gut the legislation and protect overpaid government officials. Personally, I think the searchable database should exist for anyone who wants to keep an eye of lawmakers, however the security concerns should be reviewed first.
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