Trading Places: Congress's Stock Ban Bill Hits a Rocky Road The House of Representatives' passage of the Stop Insider Trading Act, which bans members from buying new individual stocks, is a step towards addressing congressional insider trading.
However, the bill's narrow scope and inclusion of unrelated provisions reveal its true nature: a partisan exercise in legislative gamesmanship.
One of the most egregious aspects of the bill is its loophole allowing lawmakers to keep and trade existing shares. This provision suggests that lawmakers are more interested in appearances than actual reform. Rep.