Political Quotes

“Mr. President, I ask unanimous consent that reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To prohibit financial conflicts of interest by Senators and staff) At the appropriate place, insert the following: SEC. __. PUTTING THE PEOPLE'S INTERESTS FIRST ACT OF 2012. (a) Short Title.--This section may be cited as the ``Putting the People's Interests First Act of 2012''. (b) Eliminating Financial Conflicts of Interest for Members of the Senate.--A covered person shall be prohibited from holding and shall divest themselves of any covered transaction that is directly and reasonably foreseeably affected by the official actions of such covered person, to avoid any conflict of interest, or the appearance thereof. Any divestiture shall occur within a reasonable period of time. (c) Definitions.--In this section: (1) Securities.--The term ``securities'' has the same meaning as in section 3 of the Securities Exchange Act of 1934 (15 U.S.C. 78c). (2) Covered person.--The term ``covered person'' means a Member, officer, or employee of the Senate, their spouse, and their dependents. (3) Covered transaction.--The term ``covered transaction'' means investment in securities in any company, any comparable economic interest acquired through synthetic means such as the use of derivatives, or short selling any publicly traded securities.…”