Senate passes STOCK Act
Feb 03, 2012 12:03 am
Brian Tumulty in the Politics on the Hudson blog reports that the Stop Trading on Congressional Knowledge (Stock) Act, the bill to outlaw insider trading by members of Congress, passed the U.S. Senate 96 to 3 Thu., Feb. 2. New York Democrat Kirsten Gillibrand has championed the act, and during the "State of the Union" address, President Barack Obama asked Congress to bring it to his desk. An amendment approved by the Senate Thursday also requires lawmakers and executive branch employees to disclose information about all of the real estate mortgages they hold. House Republican Majority Leader Eric Cantor plans a floor vote, and House Democrats are on board, so the bill may reach the President soon. Read the full story in Politics on the Hudson.