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Bill would prevent congressional members from trading stocks

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From The Center Square

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U.S. Sen. Mark Kelly, D-Arizona, has co-introduced a bill to prevent members of Congress from trading stocks.

The Ban Congressional Stock Trading Act requires all members of Congress, their spouses and dependent children to put their stocks in a qualified blind trust or divest the holding. In doing so, Kelly’s office said this ensures members and their family members cannot use inside information to influence trades and profit off those transactions.

“As Americans work hard to keep up with rising costs, the last thing they should have to worry about is whether their elected representatives are using inside information to make a quick buck,” said Kelly in a press release. “This isn’t rocket science; the only way to stop insider trading in Congress is to stop members of Congress from trading stocks. Period.”

Kelly said he believes he already has the support of the American people.

Pointing to a survey by the Program for Public Consultation at the University of Maryland’s School of Public Policy, Kelly said 86% of Americans back such a measure. That includes 88% of Democrats, 87% of Republicans and 81% of Independents.

“Fixing this would go a long way toward restoring trust — and fixing what’s broken in Washington,” said Kelly.

U.S. Sen. Jon Ossoff, D-Georgia, also introduced the bill. Ossoff said members of congress have “extraordinary access to confidential information” at the same time they are making federal policy. Because of this, Ossoff said members of Congress should not be playing the stock market.

“Stock trading by members of Congress massively erodes public confidence in Congress and creates a serious appearance of impropriety, which is why we should ban stock trading by members of Congress altogether,” said Ossoff.

The bill is co-sponsored by Senators Brian Schatz, D-Hawaii, Tammy Duckworth, D-Illinois, Tammy Baldwin, D-Wisconsin, Jeanne Shaheen, D-New Hampshire, Raphael Warnock, D-Georgia, and Michael Bennet, D-Colorado. Bennett, who is The Center Square for governor of Colorado, said it is “common-sense legislation.”

Kelly has already placed his assets in qualified blind trusts, released his official Senate schedule and refused corporate PAC contributions for his campaign.

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Alberta

Calgary taxpayers forced to pay for art project that telephones the Bow River

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From the Canadian Taxpayers Federation

The Canadian Taxpayers Federation is calling on the City of Calgary to scrap the Calgary Arts Development Authority after it spent $65,000 on a telephone line to the Bow River.

“If someone wants to listen to a river, they can go sit next to one, but the City of Calgary should not force taxpayers to pay for this,” said Kris Sims, CTF Alberta Director. “If phoning a river floats your boat, you do you, but don’t force your neighbour to pay for your art choices.”

The City of Calgary spent $65,194 of taxpayers’ money for an art project dubbed “Reconnecting to the Bow” to set up a telephone line so people could call the Bow River and listen to the sound of water.

The project is running between September 2024 and December 2025, according to documents obtained by the CTF.

The art installation is a rerun of a previous version set up back in 2014.

Emails obtained by the CTF show the bureaucrats responsible for the newest version of the project wanted a new local 403 area code phone number instead of an 1-855 number to “give the authority back to the Bow,” because “the original number highlighted a proprietary and commercial relationship with the river.”

Further correspondence obtained by the CTF shows the city did not want its logo included in the displays, stating the “City of Calgary (does NOT want to have its logo on the artworks or advertisements).”

Taxpayers pay about $19 million per year for the Calgary Arts Development Authority. That’s equivalent to the total property tax bill for about 7,000 households.

Calgary bureaucrats also expressed concern the project “may not be received well, perceived as a waste of money or simply foolish.”

“That city hall employee was pointing out the obvious: This is a foolish waste of taxpayers’ money and this slush fund should be scrapped,” said Sims. “Artists should work with willing donors for their projects instead of mooching off city hall and forcing taxpayers to pay for it.”

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Automotive

Supreme Court Delivers Blow To California EV Mandates

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From the Daily Caller News Foundation

By Katelynn Richardson

“The Supreme Court put to rest any question about whether fuel manufacturers have a right to challenge unlawful electric vehicle mandates”

The Supreme Court sided Friday with oil companies seeking to challenge California’s electric vehicle regulations.

In a 7-2 ruling, the court allowed energy producers to continue their lawsuit challenging the Environmental Protection Agency’s decision to approve California regulations that require manufacturing more electric vehicles.

“The government generally may not target a business or industry through stringent and allegedly unlawful regulation, and then evade the resulting lawsuits by claiming that the targets of its regulation should be locked out of court as unaffected bystanders,” Justice Brett Kavanaugh wrote in the majority opinion. “In light of this Court’s precedents and the evidence before the Court of Appeals, the fuel producers established Article III standing to challenge EPA’s approval of the California regulations.”

Kavanaugh noted that “EPA has repeatedly altered its legal position on whether the Clean Air Act authorizes California regulations targeting greenhouse-gas emissions from new motor vehicles” between Presidential administrations.

“This case involves California’s 2012 request for EPA approval of new California regulations,” he wrote. “As relevant here, those regulations generally require automakers (i) to limit average greenhouse-gas emissions across their fleets of new motor vehicles sold in the State and (ii) to manufacture a certain percentage of electric vehicles as part of their vehicle fleets.”

The D.C. Circuit Court of Appeals previously rejected the challenge, finding the producers lacked standing to sue.

“The Supreme Court put to rest any question about whether fuel manufacturers have a right to challenge unlawful electric vehicle mandates,” American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson said in a statement.

“California’s EV mandates are unlawful and bad for our country,” he said. “Congress did not give California special authority to regulate greenhouse gases, mandate electric vehicles or ban new gas car sales—all of which the state has attempted to do through its intentional misreading of statute.”

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