Members of Congress and their spouses would be prohibited from trading stock under a bill introduced by Iowa Congressman Zach Nunn.
Nunn and Arizona Congressman Greg Stanton Thursday announced a bipartisan measure called the Prohibit Insider Trading Act. At a news conference in Des Moines, the Bondurant Republican says the bill is focused on curbing insider trading issues in Congress. Nunn claims 78 congressional representatives violated the current law, known as the STOCK Act, during the last Congressional session. Among other things, the current law requires public disclosure of trades within 45 days. Nunn says his proposal would set rigid standards.
Source: Nunn backs congressional stock trading ban | National News | kpvi.com
