US House Passes Bill to Ban Individual Stock Trading by Lawmakers; 198 Democrats Vote No
Suehyeon Lee
Summary
- The U.S. House of Representatives passed the Stop Insider Trading Act, which would ban individual stock trading by federal lawmakers while they are in office.
- The bill is intended to prevent insider trading by barring lawmakers from trading individual stocks during their terms.
- The bill, which cleared the House, will next move to the Senate for consideration.
Forecast Trend Report by Period
The U.S. House of Representatives passed a bill banning federal lawmakers from trading individual stocks while in office.
Cointelegraph reported on July 22 that the House approved the Stop Insider Trading Act, aimed at preventing insider trading by members of Congress.
The bill would bar members of Congress from trading individual stocks during their terms in office.
In the vote, 217 Republicans supported the measure, while 198 Democrats opposed it. The bill will next go to the Senate for consideration.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.