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E-MailThe following post comes to us from Kenneth A. Gross, leader of the Political Law practice at Skadden, Arps, Slate, Meagher & Flom LLP, and is based on two Skadden, Arps memorandums.
The U.S. House of Representatives passed by a vote of 417-2 its version of the STOCK Act, which, as you may know from our previous post, was introduced in response to the U.S. Senate’s passing its own version of the STOCK Act. Now that the House version has passed, we expect that the House and Senate versions will go to conference. A copy of the House version of the STOCK Act can be found here.
Please note that among the more notable differences between the bills are that the Senate version amends both the Lobbying Disclosure Act of 1995 (by adding a new category of activities, “Political Intelligence Contacts”) and the illegal gratuities statute, but the House version does not. The differences between the two bills will have to be resolved and then approved by both the House and Senate in order for a final bill to be sent to the White House.
