The House of Representatives passed a bill on July 22 that limits members of Congress from trading stocks.
The tally of the Stop Insider Trading Act was 232–198, with more than a dozen Democrats crossing the aisle to vote for the legislation. It now goes to the Senate, where its prospects are uncertain.
Introduced by Rep. Bryan Steil (R-Wis.), the bill would not prohibit members of Congress or their family members from selling stocks they currently hold.
A member of Congress would have between seven and 14 days to file a public notice of intent to sell with the secretary of the Senate or the clerk of the House of Representatives, depending on which chamber he is in, when he, his spouse, or his dependent sells a covered investment….
House Passes Congressional Stock Trading Ban
