U.S. House Passes Bipartisan Bill Banning Congressional Stock Trading

The U.S. House of Representatives approved legislation, known as the Stop Insider Trading Act, that would prohibit members of Congress and their immediate families from purchasing individual stocks. The bill, authored by Wisconsin Congressman Bryan Steil, passed with a bipartisan vote of 232-198 and now moves to the Senate for consideration. It also requires lawmakers to provide seven days' public notice before selling stock and imposes financial penalties for violations.