Senate Moves Forward On Congress Insider Trading Bill

Law360, New York (January 30, 2012, 8:51 PM EST) -- The U.S. Senate on Monday voted overwhelmingly to move forward on a bill that would bar members of Congress from trading on inside securities information gleaned from the legislative process.

Senators voted 93 to 2 for cloture on the Stop Trading on Congressional Knowledge Act of 2012 and said they would begin considering amendments to the bill Tuesday morning.

Sens. Richard Burr, R-N.C., and Tom Coburn, R-Okla., voted against the amendment, while Sens. Johnny Isakson, R-Ga., Mark Kirk, R-Ill., Mary Landrieu, D-La., Bob Menendez, D-N.J., and...
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