U.S. House of Representatives Passes Bill Restricting Lawmakers' Stock Trading
Svmuu News: According to Politico, the U.S. House of Representatives passed a bill on Wednesday aimed at restricting members of Congress and their family members from buying and selling stocks; however, divisions have emerged within the Democratic Party, as some Democrats believe the bill does not go far enough. The bill, titled the “Stop Insider Trading Act,” is the first congressional stock trading ban to be voted on in a full House session. It ultimately passed by a vote of 232 to 198, with 13 Democratic lawmakers voting in favor. Of the 93 lawmakers who co-sponsored the bill, only two were Democrats. Another bill with stricter provisions—requiring lawmakers and their family members to sell any stocks they currently hold personally—failed to reach a vote on the House floor, despite garnering broader bipartisan support. Most Democrats believe the measure that passed does not go far enough, as it does not include provisions mandating the sale of existing stock holdings. The bill will now be sent to the Senate for consideration. (Jin Shi)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
NOBI Token Value Analysis: Platform Transformation and Token Status
-
2
Databricks Chief Revenue Officer Ron Gabrisko stated that the company's annual recurring revenue (ARR) has grown from less than $1 million to over $7 billion, with approximately $1.7 billion of that coming from AI-related revenue.
-
3
Neko Health CEO Hjalmar Nilsonne predicts AI and personalized medicine could help people live longer
-
4
Bridgewater Associates Co-CIO Greg Jensen Compares Current AI Moment to February 2020
-
5
Anthropic Warns AI Could Be Used for Bioweapons, Has Blocked Several Related Attempts
-
6
IEA Says Ukraine Strikes Degrade Russian Oil-Refining Industry, With Sanctions Preventing Recovery from Drone Attacks
-
7
GRT: The Graph Protocol's Value Analysis and Long-Term Outlook
-
8
Indonesian Builder PT PP to Restructure $1 Billion Bank Loans
-
9
a16z Partner: AI is pushing the "power law distribution" of tech investments to the extreme, traditional SaaS faces the risk of being abandoned by the era.
-
10
AMB Coin: Founder, Project Evolution, and Current Price Analysis
Markets Today
Recommended Reading





