The House of Representatives passed a bill Thursday morning to ban insider trading by members of Congress and the executive branch. The bill also makes lawmakers publicly disclose trades they’ve made. The bill passed 417 to 2. John Campbell (R-California) and Rob Woodall (R-Georgia) voted against it.
But House Republicans stripped a provision from the Senate version of the bill that would have made people who gather intel from Congress for the financial community register as lobbyists and disclose their activities. Critics say that change weakens the bill. The House version instead asks for a congressional study of the proposal. The final law could change once the House and Senate bills are reconciled.
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