Friday, February 03, 2012

Senate OK’s bill barring Congress from insider trading - Nation - The Boston Globe

Senate OK’s bill barring Congress from insider trading - Nation - The Boston Globe:

Remember the 60 Minute Piece that exposed insider trading? It seems it is having a desired effect.
"The Senate overwhelmingly passed legislation yesterday to explicitly prohibit members of Congress and their staffs from financially profiting from insider information, a rare bipartisan effort that is expected to be addressed in the House next week.

“The truth is, members of Congress have access to all kinds of sensitive information, and it has to be clear that the information is being used to serve our country - not to make a personal profit,’’ said Senator Scott Brown, a Massachusetts Republican who co-wrote an earlier version of the bill and has been aggressively pushing for its passage."

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