WASHINGTON (AP) ? The House has passed a bill to ban members of Congress and executive branch officials from insider trading. But critics from both parties accuse House Republican leaders of caving in to investment firms by eliminating a proposal to regulate people who try to pry financial information from Congress.
The 417-2 vote Thursday will likely send the bill to a House-Senate conference to reconcile differences with a Senate-passed version of the bill.
The Senate bill included a requirement that people who collect financial information from Congress ? and sell it to investment firms ? should register like lobbyists and publicly disclose their activities.
House Majority Leader Eric Cantor, a Virginia Republican, substituted instead a study of the so-called political intelligence community. House Democrats and Republican Sen. Charles Grassley of Iowa said that move weakens the bill.
Associated Presswill kopelman joseph kennedy iii dakota fanning leann rimes casey anthony video diary lamarcus aldridge joe johnson
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