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 … Read more
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. … Read more
From the Congressional Glossary – Including Legislative and Budget Terms Precedents of the House of Representatives / Cannon’s / Deschler’s / Hinds’ / House Practice House Parliamentarian discusses congressional precedent and rules with Foxx Precedent: Previous ruling by a presiding officer that becomes part of the procedures of a chamber. Each chamber of … Read more