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Obama signs STOCK Act to ban "congressional insider trading"

Barack Obama

President Obama on Wednesday signed the STOCK Act into law, a bipartisan bill designed to stop so-called "congressional insider trading." The measure, which passed in Congress last month, prohibits members of Congress from financial market trading based on nonpublic information they have obtained in the course of their congressional work.

 

House Passes Bill Banning Insider Trading by Members of Congress

The Senate has approved a similar measure, but the lopsided votes concealed deep disagreements over the details of the legislation.

 

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