The White House criticized Senate Democrats for blocking the Stop Insider Trading Act, which would prohibit members of Congress, their spouses and dependent children from purchasing individual stocks in publicly traded companies. The administration presented the measure as a response to concerns that lawmakers could profit from nonpublic information or decisions affecting financial markets. The legislation also included a requirement for voters to provide photo identification. The White House said President Donald Trump and congressional Republicans support the bill, while noting that House Democrats had voted against advancing it in July.
The White House criticizes Senate Democrats for blocking bill to ban individual stock purchases by lawmakers and their families
The White House criticized Senate Democrats for blocking the Stop Insider Trading Act. The bill would ban members of Congress, their spouses and dependent children from buying individual publicly traded stocks, and would also require photo identification for voting.