STOCK Act Passes Congress -- Insider Trading By Congressmen Now Explicitly Prohibited
WASHINGTON — The Senate gave final approval on Thursday to an ethics bill that bans insider trading by members of Congress, clearing the measure for President Obama, who called for such legislation in his State of the Union address two months ago.
Senator Joseph I. Lieberman, independent of Connecticut and the chief sponsor of the measure, said it was “the most significant Congressional ethics legislation we’ve adopted in at least five years.”
WASHINGTON — The Senate gave final approval on Thursday to an ethics bill that bans insider trading by members of Congress, clearing the measure for President Obama, who called for such legislation in his State of the Union address two months ago.
Senator Joseph I. Lieberman, independent of Connecticut and the chief sponsor of the measure, said it was “the most significant Congressional ethics legislation we’ve adopted in at least five years.”
The Senate approved a bill prohibiting members of Congress from trading securities on the basis of confidential information they receive as lawmakers.
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John Sieck - It's pretty sad thing to think how long this has been going on "legally". I doubt this will slow down the looting much. Just putting lipstick on a pig.
9:22 PM
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