A bipartisan group of more than a dozen lawmakers on Wednesday introduced a bill banning members of Congress and senior staff from buying and selling stocks, most bonds and options contracts. Called the Ban Conflicted Trading Act, the measure is intended to prevent lawmakers and high-level staffers from enriching themselves through trades based on potentially market-moving information. Lawmakers and senior staffers are already banned from making investment decisions based on nonpublic data obtained through their positions by the STOCK Act, a law signed by former President Obama. The practice of insider trading is also illegal under several federal securities laws. ADVERTISEMENT The new measure, however, intends to hold lawmakers to tighter standards and prevent top congressional officials from making money off their positions even if the moves may not be considered insider trading. “We need to end the era in which members of Congress buy and see individual stocks … [Read more...] about Bipartisan bill would ban lawmakers from buying, selling stocks
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Rosen to lead Senate Democrats’ efforts to support female candidates
Senate Democrats’ campaign arm announced Wednesday that Sen. Jacky Rosen Jacklyn (Jacky) Sheryl Rosen Rosen to lead Senate Democrats' efforts to support female candidates Democratic senator demands Rand Paul wear a mask on Senate floor Overnight Defense: New START extended for five years | Austin orders 'stand down' to tackle extremism | Panel recommends Biden delay Afghanistan withdrawal MORE (Nev.) will lead its effort to recruit and support female candidates running for the upper chamber. Rosen is being tapped to chair the Democratic Senatorial Campaign Committee’s (DSCC) Women’s Senate Network for the 2022 cycle, during which Democrats will be defending and seeking to expand their narrow 50-50 majority. The body funnels millions of dollars each cycle to support female candidates, with some of that money in 2018 going to Rosen and Sen. Kyrsten Sinema (D-Ariz.), both of whom flipped GOP-held seats, as well as nine other women who won reelection two years … [Read more...] about Rosen to lead Senate Democrats’ efforts to support female candidates
Backpack battle: Colorado’s Osprey sues California retailer over branding
A California clothing company is ripping off Colorado outdoor gear maker Osprey’s branding in violation of a trademark agreement between the two companies, Osprey claimed in a federal lawsuit filed Monday. The company, which is headquartered in Cortez and makes hiking packs and gear, claims the California company, Aether, is selling Aether-branded backpacks despite a 2019 agreement between the two companies that it would not do so. Osprey has used “Aether” to brand its backpacks for more than two decades, the complaint says. “Osprey has invested a substantial amount of time, money and effort to promote and advertise its backpacks under the Aether mark, and as a result, Osprey has built substantial goodwill and customer recognition in its Aether brand,” the complaint reads. Aether is not a registered trademark, the lawsuit says, but is in the process of being approved as such. Aether, which has stores in Aspen, New York City, San Francisco and Los Angeles, did not … [Read more...] about Backpack battle: Colorado’s Osprey sues California retailer over branding