WASHINGTON, Sept. 30 -- The House Administration Committee issued the following press release:
WASHINGTON - Today, Chairman Bryan Steil's Stop Insider Trading Act failed to pass cloture in the United States Senate by a vote of 53 - 47. Under Senate rules, 60 votes were required to advance the legislation.
Chairman Steil issued the following statement:
"No lawmaker should be able to profit off of insider information. I'll continue my work to pass the Stop Insider Trading Act," said Chairman Steil. "I'm encouraged that 53 Senators voted to ban members of Congress from trading stocks this afternoon. Unfortunately, Senate Democrats filibustered this commonsense ethics reform."
Background: Chairman Steil introduced the Stop Insider Trading A...