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QUICK TAKE: Ban on Insider Trading in Congress Moves, But Faces Uncertain Odds QUICK TAKE: Ban on Insider Trading in Congress Moves, But Faces Uncert...

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CONGRESS

QUICK TAKE: Ban on Insider Trading in Congress Moves, But Faces Uncertain Odds

The Senate Homeland Security and Governmental Affairs committee passed in a 7-to-2 vote on Wednesday legislation that would outlaw insider trading by members of Congress and their staff.

However it remains unclear whether the bill can become law. Sen. Tom Coburn, R-Okla., vowed to “make it difficult” to pass in the Senate. That comes on top of the fact House GOP leadership has squelched similar legislation there, at least for now.

 
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