Bill to limit stock trading in US Congress blocked in Senate
The measure fell 53-47 after Democrats rejected its stock limits and objected to a voter ID provision.
- On Wednesday, the Senate voted 53-47 on the Stop Insider Trading Act, but the measure failed to reach the 60-vote threshold needed to advance.
- The Stop Insider Trading Act passed the House in July with support from all Republicans and 13 Democrats, prohibiting lawmakers and their families from purchasing stocks while requiring advance sale disclosures.
- Calling the bill "as ineffective as a screen door on a submarine," Senate Minority Leader Chuck Schumer said it excludes the White House, while Democrats labeled the voter ID provision a "poison pill."
- Aiming to put Democrats on the record before the midterms, Senate Republicans moved the vote forward as they prepare for the campaign trail, following pressure from President Trump.
- Lawmakers have pursued efforts to ban congressional stock trading in recent years, yet this latest failure suggests political tensions within Congress will continue to obstruct a path toward consensus.
44 Articles
44 Articles
Dems Axe Stock Trading Ban With Voter ID Poison Pill
Democracy Docket reports: The Stop Insider Trading Act would prevent members of Congress and their families from buying individual stocks — a proposal popular with Democrats and voters in general. But Republicans attached a provision requiring voters to provide photo identification to cast ballots — including mail ballots. The bill failed to clear the 60-vote threshold … The post Dems Axe Stock Trading Ban With Voter ID Poison Pill appeared fir…
47 Democrats Refuse to Vote to Ban Insider Trading
A bill to stop insider trading failed to advance in the Senate on Wednesday, with all Democrats voting against it and all Republicans voting for it. The bill failed 53 to 47 along party lines. The bill, which originated in the House and was sponsored by Rep. Bryan Steil, R-Wis., would prohibit members of Congress...
Lawmakers’ stock trading bill falls short in Senate
A bill to rein in stock trading by members of Congress did not clear a first procedural hurdle to advance in the Senate on Wednesday, after passing the House on a mostly party-line vote in July. Democrats tanked a motion to invoke cloture on proceeding to the bill in a 53-47 vote, which fell seven […]
Coverage Details
Bias Distribution
- 46% of the sources are Center
![[your]NEWS](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Ffb6dc495f74049f513563c33352175eaa0ecd509.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
