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Senate Passes STOCK Act, Applies It to Executive Branch

The Senate voted 96 to 3 Thursday to prohibit members of Congress from using non-public information for personal financial gain but beat back a slew of amendments to further limit congressional perks.

The Senate action puts pressure on House Republicans to pass similar legislation to quell allegations of congressional self-dealing at a time when Congress’s approval rating is at an all-time low.

House Majority Leader Eric Cantor (R-Va.) on Tuesday criticized the Senate legislation as weak. His staff said he would move a strengthened version of the bill to the House floor at the end of the month.

Senators voted for an amendment Thursday to expand the prohibition on insider trading to all members of the executive branch.

Read more at The Hill.

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