Tag: rent-seeking

STOCK Act / Stop Trading On Congressional Knowledge Act (CongressionalGlossary.com)

STOCK Act / Stop Trading On Congressional Knowledge Act (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms STOCK Act / Stop Trading On Congressional Knowledge Act Stop Trading on Congressional Knowledge Act of 2012 or STOCK Act – (Sec. 3) Requires the congressional ethics committees to issue interpretive guidance of the rules of each chamber, including rules on conflicts of interest and […]

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door (CongressionalGlossary.com)

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door (CongressionalGlossary.com)

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door Corporate welfare refers to subsidies and regulatory protections that lawmakers confer on certain businesses and industries. When considering budget issues, federal policymakers are supposed to have the broad public interest in mind. Unfortunately, that is not how the federal budget process usually works in practice. […]

In Washington, a divided America is good for business.

In Washington, a divided America is good for business.

  Neil Sedaka – Breaking Up Is Hard To Do   Washington is an endless maze of funhouse mirrors, a fact we’re reminded of once a year when The Hill publishes its 50 Most Beautiful list [2017 was the last one], replete with people who are Washington hot, which is a step above rehab hot […]

Campaigns and Elections: Heaven and Hell Edition

Campaigns and Elections: Heaven and Hell Edition

  “Hell Bent for Election” (1944)   While walking down the street one day a U.S. Senator is tragically hit by a truck and dies. His soul arrives in heaven and is met by St. Peter at the entrance. “Welcome to heaven,” says St. Peter. “Before you settle in, it seems there is a problem. […]

Posted in: Congress, Humor
Office of Personnel Management / Other People’s Money / OPM (CongressionalGlossary.com)

Office of Personnel Management / Other People’s Money / OPM (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Office of Personnel Management / Other People’s Money / OPM The core mission of the Office of Personnel Management (OPM): “serves the public by providing human resource management leadership and high-quality services that protect and strengthen the merit system of government in partnership with other […]

Congressional Ethics (CongressionalGlossary.com)

Congressional Ethics (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Congressional Ethics   Panel Hits Rangel With 13 Ethics Charges   A member of Congress works in an environment with numerous ethical rules, and with constraints on official, political, and personal activities. These limits exist in laws, regulations, chamber rules, interpretations, and practices. The expectations […]

Exclusion / Disorderly Behaviour / Censure / Reprimand / Expulsion / Ethics (CongressionalGlossary.com)

Exclusion / Disorderly Behaviour / Censure / Reprimand / Expulsion / Ethics (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Exclusion / Disorderly Behaviour / Censure / Reprimand / Expulsion Members of Congress are subject to disciplinary procedures in their respective chambers. The Constitution states (Article I, Section 5, cl. 2): “Each House may . . . punish its Members for disorderly Behaviour, and, with […]

K Street / Gucci Gulch (CongressionalGlossary.com)

K Street / Gucci Gulch (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms K Street / Gucci Gulch Colloquialisms for Washington, DC, lobbyists. K Street is taken from K Street NW in Washington, DC, where many lobbying firms are located. K Street is definitely “inside the Beltway.” Pork Party House: Where DC insiders go for taxpayer-subsidized fun Gucci […]

Capitol / Capitol Hill Map / National Mall (CongressionalGlossary.com)

Capitol / Capitol Hill Map / National Mall (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Capitol / Capitol Hill Map / National Mall (Click here for Google map) “The Capitol” is the United States Capitol Building, the building in which Congress meets. The Capitol is located on Capitol Hill in Washington, DC. (“The Capitol” is not “the Capital” and Capitol […]

A Note About Usage: “Congress” (CongressionalGlossary.com)

A Note About Usage: “Congress” (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms The United States Congress consists of two separate legislative bodies: the House of Representatives and the Senate. Jointly these two separate legislative bodies are referred to as “Congress”. Congress meets in the United States Capitol building. Congress, n. A body of men who meet to […]