According to Politico, the U.S. House on Wednesday passed the Stop Insider Trading Act, restricting members of Congress and their families from trading individual stocks. The measure cleared the floor 232-198, with 13 Democrats voting yes; only two of the bill's 93 cosponsors are Democrats. Many House Democrats said the bill is too weak because it does not require lawmakers to sell existing holdings. A separate, tougher bill that would force divestiture had broader bipartisan support but never r

According to Politico, the U.S. House on Wednesday passed the Stop Insider Trading Act, restricting members of Congress and their families from trading individual stocks. The measure cleared the floor 232-198, with 13 Democrats voting yes; only two of the bill's 93 cosponsors are Democrats. Many House Democrats said the bill is too weak because it does not require lawmakers to sell existing holdings. A separate, tougher bill that would force divestiture had broader bipartisan support but never reached the floor. The Stop Insider Trading Act now goes to the Senate for consideration.