During his State of the Union address President Obama said – “Send me a bill that bans insider trading by members of Congress; I will sign it tomorrow.”
From MSNBC: “A ban on insider trading by members of Congress cleared a key procedural hurdle Monday in the Senate, moving toward final passage and a House vote on similar legislation later next month.
A bipartisan group of senators voted 93 to 2 in favor of ending debate on the STOCK Act, a piece of legislation meant to prohibit members of Congress, their families and staff from using any information gleaned while working on the Hill to execute stock transactions. [..]“
Ah, but will it ever make it through both Houses? Will anyone remember that this bill was ready to move forward last year, but was stopped by House Majority Leader Eric Cantor? Will the House Republicans be silly enough to fight a bill that “already has fantastically strong bipartisan support” and “an issue that the people have agreement on.”?
It’s no surprise to me that one of the two balking Senators was Coburn [R-OK] .. the other one, Richard Burr [R-NC].
