WALL STREET JOURNAL: After years of delay, Congress took a big step toward approving new rules to ban lawmakers from trading stocks based on information they pick up in the halls of Capitol Hill—a move aimed in part at helping repair the institution’s low approval ratings…
“We will quickly review the entire bill and the amendments that were added today to ensure that public servants, whether in the legislative or executive branch, do not personally profit from insider information,” said House Majority Leader Eric Cantor (R., Va.)…
Senate approval marks a remarkable turnaround for the bill, which was unpopular with lawmakers until very recently. First introduced by two little-known House members six years ago, the Stock Act had just nine co-sponsors just a few months ago. There was no similar legislation in the Senate… (more)
