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Thursday, April 05, 2012

Financial Disclosures Now In Effect

A bill requiring high-ranking feds to disclose their finances online will become law later this morning. President Barack Obama plans to sign the Stop Trading on Congressional Knowledge, or STOCK, Act. Government watchdogs said it would impact more than 28,000 federal officials. They would have to electronically file disclosure reports and those would go online by August. The act also tightens restrictions against insider trading by public officials.

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