CQ Roll Call: Insider Trading Bill Passes By Wide Margin | WAMU 88.5 - American University Radio

WAMU 88.5 : Morning Edition

Filed Under:

CQ Roll Call: Insider Trading Bill Passes By Wide Margin

Play associated audio

David Hawkings, CQ Roll Call Daily Briefing

A bill to strengthen regulations aginst insider trading by members of Congress and their staffs is on the way to the House of Representatives on  a bipartisan 96-3 vote, offering a stark contrast to some other efforts on the Hill in recent months. CQ Roll Call Daily Briefing Editor David Hawkings talks with WAMU 88.5 Morning Edition host Matt McCleskey about that bill and other news in Congress this week. Here are the highlights: 

What the STOCK Act actually does: "The core of it … would be to make clear that members of Congress are covered by the same insider trading laws as everyone else," Hawkings says. "The sort of info about pending legislation or political moves that could affect stock prices, the idea here is that they're not allowed to trade on that anymore." 

Why it passed by such a large margin: "This bill was given an opening, and lawmakers concluded that a little self flagellation would be good politics and would be ultimately harmless," Hawkings says.

Prospects for passage in the House: "The only hurdle ahead is that the bill was expanded beyond even what the house Republicans said they were interested in," Hawkings says. "Senators voted to expand the bill to cover not just members of Congress, but also several thousand executive branch employees." 

On practical implications of the bill: "It would apply some new tighter disclosure rules to them," Hawkings says of the executive branch staffers. "Essentially, under the bill, they would have to disclose all of their stock transactions within 30 days, rather than once a year."

NPR

Why Are Theater Tickets Cheaper On The West End Than On Broadway?

In London, a matinee ticket for Matilda costs about $60; in New York, it's $137. What's going on? The West End has weaker unions and subsidized theater, while Broadway has amenities.
NPR

Why Your 'Small-Batch' Whiskey Might Taste A Lot Like The Others

A food blogger says dozens of distilleries are buying rye whiskey from a factory in Indiana and using it in bottles labeled "artisan."
NPR

House Approves $16 Billion Plan To Improve Health Care For Vets

The Senate is expected to pass the measure this week. It would expand government programs and provide funds for vets who are unable to access VA services to see private doctors.
NPR

Can Pinterest Compete With Google's Search?

Pinterest has created a database of things that matter to humans. And with a programming team that's largely been hired away from Google, the company has begun offering what it calls "guided search."

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.