US House approves 'Stop Insider Trading Act' - From Ro Khanna to Nancy Pelosi, here's who could be impacted the most
New Delhi, July 23 -- The House approved legislation Wednesday that would bar members of Congress from purchasing individual stocks. The "Stop Insider Trading Act" cleared the House 232 to 198, with the full support of Republicans and 13 Democrats on board.
Under the bill, lawmakers, their spouses, and dependent children are restricted from purchasing individual stocks of publicly traded companies, with few exceptions, such as certain investment funds, while in office, New York Post reported.
The bill also proposed that lawmakers, their spouses, and dependent children can't sell stock without filing notice between 7-14 days in advance. Violators will get hit with a fee and be subject to ethics scrutiny.
Here's who could be impacted the...
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