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:
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
Top Stories
You May Also Like

Rep. Aaron Schock: Obama's Action Destroyed Trust

Friday, 21 Nov 2014 10:39 AM

President Barack Obama destroyed trust with Republicans by moving forward with an executive order on immigration that wi . . .

GOP Presidential Hopefuls Join to Denounce Amnesty, Promote Reform

Friday, 21 Nov 2014 08:15 AM

The prospective field of GOP presidential hopefuls has found one thing they agree on:President Obama is wrong to take ex . . .

Jeb Bush: Common Core Should Be The 'New Minimum' in Classrooms

Thursday, 20 Nov 2014 12:38 PM

Responding to a national backlash over Common Core education standards, potential 2016 presidential candidate Jeb Bush s . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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