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Feb 1, 2012   |  Senator Jon Tester

Tester: Strengthen STOCK Act with more accountability

Senator’s amendments to require online financial disclosure, ban former lawmakers from lobbying

(U.S. SENATE) – Senator Jon Tester today took another step to bring more Montana accountability to Congress by offering two amendments to a bill banning Congressional insider trading.

Tester, a key supporter of the bipartisan Stop Trading on Congressional Knowledge Act, is pushing to require Senate candidates to file their quarterly campaign finance reports electronically so they can be reviewed online – something Tester does voluntarily.  He also signed onto an amendment barring former members of Congress from becoming lobbyists.

The STOCK Act prohibits members of Congress and their employees from using knowledge gained from their Congressional work for personal financial benefit.  The Senate is currently debating the bill.

“Montanans expect their representatives in Congress to put their service and accountability to the public above everything else,” Tester said.  “These amendments strengthen accountability by increasing online transparency and by ensuring that no one uses their influence to tilt the playing field against regular folks.  These steps should be common sense for Congress.”

Tester’s online disclosure amendment would increase access for Americans who want to know who is donating to political campaigns.  It would also save the Federal Election Commission $250,000 each year in processing costs and make disclosure reports available immediately – instead of up to three months after the filing deadline.

"Senator Tester should be commended for introducing an amendment that requires Senate candidates to report campaign contributions electronically, just like all other federal candidates already do.  In an age where secret campaign cash is king, this common-sense measure is all the more essential to shed light on the financiers of federal campaigns and save taxpayer money.  We hope that the Senate finds the courage to once-and-for all vote on and enact this important transparency reform," said Ellen Miller, co-founder and executive director of the Sunlight Foundation.

Tester’s lobbyist amendment, introduced with Colorado Senator Michael Bennet, will keep ex-lawmakers from influencing their former colleagues on behalf of special interests.  It also prevents Congressional staff from lobbying their former bosses for six years – up from today’s one year ban.  Tester does not allow his former employees who become lobbyists to lobby him.

Tester’s STOCK Act amendment on online disclosure is available online HERE.  His provision to ban former lawmakers from becoming lobbyists is online HERE.

The full STOCK Act is online HERE

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Office Contact Information

Senator Tester's Montana staff serves the state from offices in Billings, Bozeman, Butte, Great Falls, Helena, Kalispell, and Missoula. Please bring your concerns with federal agencies, academy nominations, and other situations to one of these Montana offices.

Billings

Judge Jameson Federal Building
2900 4th Ave N, Suite 201
Billings, MT 59101
Phone: (406) 252-0550
Fax: (406) 252-7768

Bozeman

Avant Courier Building
1 E Main Street, Suite 202
Bozeman, MT 59715
Phone: (406) 586-4450
Fax: (406) 586-7647

Butte

Silver Bow Center
125 W Granite, Suite 200
Butte, MT 59701
Phone: (406) 723-3277
Fax: (406) 782-4717

Great Falls

119 1st Avenue N, Suite 102
Great Falls, MT 59401
Phone: (406) 452-9585
Fax: (406) 452-9586

Helena

Capital One Center
208 N Montana Avenue, Suite 202
Helena, MT 59601
Phone: (406) 449-5401
Fax: (406) 449-5462

Kalispell

8 Third Street E
Kalispell, MT 59901
Phone: (406) 257-3360
Fax: (406) 257-3974

Missoula

130 W Front St.
Missoula, MT 59802
Phone: (406) 728-3003
Fax: (406) 728-2193

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