House bans Congress from insider trading
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WASHINGTON – The House on Thursday joined the Senate in voting to explicitly prohibit members of Congress and other top officials from making investments on insider information. But an effort to bridle purveyors of Capitol Hill political intelligence could delay the bill’s enactment.
House Republicans stripped out provisions from the Senate bill that would:
The Senate is unlikely to accept those changes, according to a Democratic leadership aide speaking on condition of anonymity because no final decision has been made. That would mean negotiators would have to find a compromise agreeable to both houses before the bill could be signed into law. President Barack Obama has already said he would sign it.
