Jeff Duncan on Government Reform
Despite congressional reforms over the past several years to reduce pork barreling and increase earmark accountability and transparency, earmarks continue to figure prominently as the "currency of corruption" on Capitol Hill, undermining the federal budgetary process and our democratic system of government. In an effort to encourage more members of Congress and candidates for office to kick the earmarking habit, CCAGW has launched a new no-gimmicks, anti-pork pledge.
The Contract from America, clause 1. Protect the Constitution:
Require each bill to identify the specific provision of the Constitution that gives Congress the power to do what the bill does.
The Contract from America, clause 5. Restore Fiscal Responsibility & Constitutionally Limited Government in Washington:
Create a Blue Ribbon taskforce that engages in a complete audit of federal agencies and programs, assessing their Constitutionality,
The Contract from America, clause 9. Stop the Pork:
Place a moratorium on all earmarks until the budget is balanced, and then require a 2/3 majority to pass any earmark.
Congressional Summary: Requires each Act of Congress to contain a concise and definite statement of the constitutional authority relied upon for the enactment of each portion of that Act. Declares that failure to comply with this requirement shall give rise to a point of order in either chamber of Congress.
Constitutional Authority for This Act- This Act is enacted pursuant to the power granted Congress under article I, section 8, clause 18, of the United States Constitution and the power granted to each House of Congress under article I, section 5, clause 2, of the United States Constitution.
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.
Bill explanation (ProCon.org, "Insider Trading by Congress", Feb. 3, 2012):
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