The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus The Daily Herald on Linked In HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

House passes ban on insider trading by Congress

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY
Associated Press
Published:
WASHINGTON — The House has passed a bill to ban members of Congress and executive branch officials from insider trading. But critics from both parties accuse House Republican leaders of caving in to investment firms by eliminating a proposal to regulate people who try to pry financial information from Congress.
The 417-2 vote Thursday will likely send the bill to a House-Senate conference to reconcile differences with a Senate-passed version of the bill.
The Senate bill included a requirement that people who collect financial information from Congress — and sell it to investment firms — should register like lobbyists and publicly disclose their activities.
House Majority Leader Eric Cantor, a Virginia Republican, substituted instead a study of the so-called political intelligence community. House Democrats and Republican Sen. Charles Grassley of Iowa said that move weakens the bill.
Story tags » Stock MarketHouse

More Nation & World Headlines

NEWSLETTER

HeraldNet Headlines

Top stories and breaking news updates

Calendar