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Congressional Chronicle

House Approves The STOCK Act

Washington, DC
Thursday, February 9, 2012

By a vote of 417 to 2, House members passed a bill banning Congressional insider trading. The Senate passed it's version of the bill recently. Since there are differences between the House and Senate bills, they will have to meet to agree on a final version of the legislation.

The House version incorporates changes sought by Majority Leader Eric Cantor (R-VA), that aims to expand provisions that he says would more fully cover executive branch employees. The measure includes a provision GOP aides describe as the “Pelosi provision” that would prohibit lawmakers, high-ranking federal officials and their aides from receiving special access to initial public offerings.

Updated: Thursday, February 9, 2012 at 1:13pm (ET)

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