WASHINGTON |
WASHINGTON (Reuters) – The Senate on Thursday approved new curbs aimed at preventing lawmakers from trading shares based on inside information, but also extended the bill’s disclosure requirements to more than 300,000 other federal employees.
The Senate voted 96-3 to pass the Stop Trading on Congressional Knowledge (STOCK) Act, which would require members of Congress to file electronic disclosures of their stock trades within 30 days of the transactions.
As a rare piece of legislation with strong bipartisan support in a deeply divided Congress – and the promise of a quick signature by President Barack Obama – the measure was quickly laden with more than 20 amendments this week.
Senators who saw the “clean government bill” as a vehicle bound for quick passage sought to attach proposals ranging from a ban on executive bonuses at Fannie Mae and Freddie Mac to a limit on terms for members of Congress.
Similar legislation is pending in the Republican-led House of Representatives, and a spokeswoman for Majority
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