Currents
May 2019
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Still, members are allowed to be directors of pub-
lic companies. Chris Collins a Republican from New
York, is facing charges he utilized information gained
while actively serving as a director for an Australian
corporation. That sentence does not sound right
even in today’s political cesspool of politicians.
Tax and bookkeeping industry records show 1.3
million US accountants according to the Bureau of
Labor statistics.
Intuit - Marker of Turbotax and Quickbooks had
2017 revenue of 5.2 billion dol-
lars, up 10 percent year over
year, with the tax and accounting
software division up 11 percent,
with total online subscribers
reaching 2.4 million.
H and R Block had 2017 rev-
enues of 3 billion dollars.
NPR published an article in
2013 delineating how Republi-
can’s lead by Speaker Eric Can-
tor gutted a major aspect of the
Stock Act.
The legislative process on
Capitol Hill is often slow and
grinding. There are committee
hearings, filibuster threats and
hours of floor debate. But some-
times, when Congress really
wants to get something done, it
can move blindingly fast.
That's what happened when
Congress moved to undo large
parts of a popular law known as
the STOCK Act last week.
A year ago, President Obama
signed the Stop Trading on Con-
gressional Knowledge Act into
law at a celebratory ceremony
attended by a bipartisan cast of
lawmakers.
"I want to thank all the mem-
bers of Congress who came
together and worked to get this
done," he said.
The law wouldn't just outlaw
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