Vulnerable Lawmakers Rush to Back Bill Banning Insider Trading

A “60 minutes” report earlier this month indicated that members of Congress have been trading stocks based on knowledge gained from their positions, a practice that does not violate the law. Before the report, a House bill that would outlaw the practice only had nine co-sponsors. In the week following the “60 Minutes” segment, that number jumped to 92. Of the 83 additions, 19 are facing competitive reelection races as defined by the Cook Political Report.

Read more: Vulnerable Lawmakers Rush to Back Bill Banning Insider Trading — Big Government