The Senate on Wednesday failed to advance the Stop Insider Trading Act, a Republican-backed measure combining limits on stock trading by members of Congress with voter identification requirements. The procedural vote was 53-47, seven votes short of the 60 needed to open debate.
Every Democrat and independent voted against the bill. The Republican-controlled House passed the measure in July. The bill would bar members of Congress and their families from buying individual stocks, according to Democracy Docket, and included a requirement for photo identification to vote, including by mail. Democrats said the measure did not go far enough on lawmakers’ financial holdings and objected to the voter ID provision. The vote came five weeks before the Nov. 3 midterm elections.