Bryan Steil Advances Stop Insider Trading Act in USA House

#WashingtonDC, #USA
The House Committee on Administration advanced the Stop Insider Trading Act following public promotion of the measure by Bryan Steil.The legislation prohibits lawmakers from purchasing new individual stocks upon taking office and requires them to provide advance public notice before selling existing holdings.Democrats criticized the Republican-backed bill for containing loopholes, although the act mandates fines and the forfeiture of financial gains for violators.
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