It's All Politics
Originally published on Thu March 22, 2012 7:59 pm
The Senate passed a bill Thursday to explicitly ban insider trading by members of Congress and the executive branch, and that means the Stop Trading on Congressional Knowledge Act is headed to the president's desk.
But this STOCK Act is quite a bit weaker than earlier versions.
The STOCK Act has been on a glide path ever since an explosive 60 Minutes story last fall highlighted the issue of members of Congress apparently profiting on nonpublic information.
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