According to Politico, the US House of Representatives passed a bill on Wednesday aimed at restricting congressmen and their families from trading stocks; however, since some Democrats felt that the bill was not strong enough, there were differences within the party. This bill, called the “Stop Insider Trading Act,” was the first congressional stock trading ban bill to be voted on at the House of Representatives plenary session. It was finally passed by 232 votes to 198, of which 13 members of the Democratic Party voted in favor. Out of a total of 93 lawmakers who have signed the bill, only 2 are Democrats. Another more restrictive bill — requiring lawmakers and their families to sell shares currently held by individuals — received broader bipartisan support but failed to enter the House plenary voting process. Most Democrats believe that the measure that has been passed is not strong enough because it does not include provisions to force the sale of existing holdings. The bill will be submitted to the Senate for consideration.

According to Politico, the US House of Representatives passed a bill on Wednesday aimed at restricting congressmen and their families from trading stocks; however, since some Democrats felt that the bill was not strong enough, there were differences within the party. This bill, called the “Stop Insider Trading Act,” was the first congressional stock trading ban bill to be voted on at the House of Representatives plenary session. It was finally passed by 232 votes to 198, of which 13 members of the Democratic Party voted in favor. Out of a total of 93 lawmakers who have signed the bill, only 2 are Democrats. Another more restrictive bill — requiring lawmakers and their families to sell shares currently held by individuals — received broader bipartisan support but failed to enter the House plenary voting process. Most Democrats believe that the measure that has been passed is not strong enough because it does not include provisions to force the sale of existing holdings. The bill will be submitted to the Senate for consideration.