Lawmakers now reporting financial transactions

March 15, 2013 3:27 PM

From myCentralJersey.com:

WASHINGTON — Members of Congress are now posting their stock transactions online on a regular basis to comply with a law enacted 11 months ago to curtail illegal insider trading by lawmakers and their staffs.

Among the 13 House members and two senators in New Jersey’s congressional delegation, three have filed “periodic transaction reports” since the law took effect: Sen. Frank Lautenberg, a Democrat, Rep. Rodney Frelinghuysen, a Republican, and Rep. Bill Pascrell, a Democrat.

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The new postings are part of the Stop Trading on Congressional Knowledge (STOCK) Act, which became law last April. They’re also an example of the open information that is promoted as part of Sunshine Week, an annual media initiative to encourage increased public access to government records.