The US Senate blocked a Republican bill aimed at restricting stock trading by members of Congress on Wednesday. The measure was rejected after Democrats argued that it did not go far enough and was combined with voter ID rules, which they labeled a "poison pill." The vote was 53-47, falling seven votes short of the 60 needed to initiate debate on the Stop Insider Trading Act, which had previously passed in the Republican-controlled House in July. All Democrats and independents voted against the bill. This decision comes five weeks ahead of the midterm elections scheduled for November 3.
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Senate votes against Republican bill to restrict stock trading by Congress members
The US Senate has blocked a Republican bill that sought to restrict stock trading by Congress members. The 53-47 vote was influenced by Democratic concerns over the bill's provisions and its association with voter ID rules.
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Senate blocks Republican bill restricting stock trades by US Congress members
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Senate votes against Republican bill to restrict stock trading by Congress members