STOCK Act

9:55am

Thu February 9, 2012
It's All Politics

House Passes Bill That Would Ban Insider Trading By Lawmakers

The House on Thursday passed a bill that would ban congressional insider trading. The STOCK Act passed overwhelmingly, 417-2, despite some partisan disagreements over its scope.

With congressional approval at all-time lows, the bill was widely seen by lawmakers as a small step in restoring public confidence. But differences remain to be worked out with a Senate measure, passed last week, before a bill could be sent to President Obama.

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3:15pm

Wed February 1, 2012
Governing

Congress May Back Ban On Its Own Insider Trading

Rep. Louise Slaughter, D-N.Y., has worked for years on a bill to ban Congress from insider trading.
Joshua Roberts Getty Images

For years, Rep. Louise Slaughter, D-N.Y., toiled away in virtual obscurity on the Stop Trading on Congressional Knowledge Act.

"Six years," says Slaughter. "A lot of hard work."

The STOCK Act would, among other things, explicitly ban insider trading for members of Congress and their staffs.

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