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Senate Passes STOCK Act 96-3 Senate Passes STOCK Act 96-3

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Senate

Senate Passes STOCK Act 96-3

Cantor promises speedy action in the House

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The days of insider trading in this building will soon be over.(AP Photo/Carolyn Kaster)

A bill to ban members of Congress from trading securities based on knowledge they obtained on the Hill sailed through the Senate as both parties showed rare unanimity. 

In the House, Majority Leader Eric Cantor said his intention was to bring the bill to the floor next week and a presidential signature is guaranteed. President Obama praised the Senate for its actions. 

 

A report on CBS News's 60 Minutes report spurred Congress into action on the measure. 

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