Originally published on Thu November 17, 2011 5:52 pm
The STOCK Act, a bill that would ban members of Congress from trading stock based on nonpublic information they get because they're lawmakers, has 61 co-sponsors and counting. And after years of languishing with only one hearing, the measure is getting one in the House Financial Services Committee.
What's remarkable about this is that the STOCK Act had just nine co-sponsors last week. What changed? The CBS news magazine 60 Minutes did a story about congressional insider trading.
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