US House Passes Bill against Congressional Insider Trading

Thursday, 09 Feb 2012 11:32 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

By David Lawder

WASHINGTON, Feb 9 (Reuters) - The U.S. House of Representatives overwhelmingly passed on Thursday a bill to curb insider trading by lawmakers and other government officials, despite objections from both Democrats and Republicans that it was weaker than a version passed by the Senate last week.

The House voted 417-2 to pass the Stop Trading on Congressional Knowledge (STOCK) Act, even though it did not include a provision to impose new regulations on Washington insiders who collect "political intelligence" from lawmakers and sell it to Wall Street. The Senate version included this proposal.

House and Senate members are now expected to haggle over the differences between the two bills before sending the legislation to President Barack Obama, who has promised a swift signature.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Florida Judge Approves State Congressional Maps Drawn by GOP

Friday, 22 Aug 2014 16:36 PM

A Florida judge on Friday approved the new congressional maps recently redrawn by Republican legislative leaders, ruling . . .

Perry Building 2016 Momentum in Wake of Indictment

Friday, 22 Aug 2014 15:59 PM

Texas Gov. Rick Perry is facing the criminal charges he faces in his home state head-on, and political experts say that  . . .

Libertarian Could Force Runoff in Georgia Senate Race

Friday, 22 Aug 2014 14:41 PM

Republican David Perdue is leading Democrat Michelle Nunn in the Georgia Senate race, but Libertarian Party candidate Am . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved