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.
58 Articles
58 Articles
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,…
John Thune's Voter ID TRAP Exposed – Is This Why the Senate's Stalling?
Senator John Thune's latest move is drawing fire for being a political stunt rather than a genuine push for reform. Discover how his bundling of voter ID and insider trading bans might be the real reason these bills are doomed to fail.
Adam Hamilton: Insider Stock Trading? Yes. Voter ID? No.
Chuck Schumer and Democrats just blocked Republican legislation to ban insider stock trading by Members of Congress and to require a valid voter ID at the ballot box, legislation that Roger Marshall voted to pass. Would Adam Hamilton, who claims to want to prohibit “members of Congress and their households from buying or selling individual […]
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