The act still has a ways to go before becoming law. It won approval from the U.S. House of Representatives’ Financial Services Committee in May, drawing support from Republicans and Democrats alike – no small feat in a highly partisan Congress. The full House is expected to take it up in the fall.
Like a lot of legislation, of course, the bill may still face lobbyist-inspired loopholes and other potential obstacles, as well as requiring Senate approval and President Donald Trump’s signature. Yet no insider-trading measure has made it even this far in a long time, and the arguments in favor are bipartisan and compelling. It is, in short, a deal too good to pass up.
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