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.
71 Articles
71 Articles
Nebraska Examiner
New Hampshire BulletinUS Senate Dems block bill curbing congressional stock trading, calling it too weak
WASHINGTON — U.S. Senate Republicans did not gain any support Wednesday from Democrats as they attempted to advance a bill that mashed together two hot-button midterm issues: requiring voter ID in federal elections and limiting stock trading for members of Congress. The Republican-led bill, titled the Stop Insider Trading Act, failed 53-47 when lawmakers stayed solidly […]
Senate Democrats Block House-Passed Ban on Congressional Stock Trading over Voter ID Provision
Senate Democrats on Wednesday voted down a ban on lawmakers trading stocks that had included a voter ID provision in the legislation. The 53-47 vote came on party lines and saw the bill fall short of the 60 votes it needed to advance in the upper chamber. The House previously approved the bill.
Senate Democrats Block Bill to Curb Lawmakers' Stock Trades
Senator Democrats on Wednesday watted down a Republican-backed bid to rein in lawmakers' stock trades, saying it barely touched the problem. The Stop Insider Trading Act, sponsored by Republican Sen. Pete Ricketts of Nebraska, fell shorts on a 53-47 procedural vote, needing 60 to advance and drawing zero democratic support...
Senate Democrats block bill requiring voter ID and limiting lawmaker stock trades
WASHINGTON — Senate Democrats on Wednesday rejected House-passed legislation that would have required photo identification to vote in federal elections and barred members of Congress from buying individual stocks, falling short of the 60 votes needed to advance. The Senate voted 53-47 along party lines on a motion to proceed with the Stop Insider Trading… The post Senate Democrats block bill requiring voter ID and limiting lawmaker stock trades …
Senate Quashes Johnson’s Congressional Insider Trading Ruse
The U.S. Senate defeated House-approved legislation today that would have allowed all members to retain their conflicting stock investments and continue manipulating the stock market. Craig Holman, Ph.D., government affairs lobbyist for Public Citizen, released the following statement:“This measure was a ruse, promoted by House Speaker Mike Johnson, to make it appear that congressional Republicans were tackling an ethical quagmire when, in fact,…
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