Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, February 2, 2012

Senate Passes STOCK Act by 96-3 vote

The Senate passed, by a vote of 96-3, the STOCK Act, which prohibits members of Congress and their aides from trading on inside information and also requires public officials to disclose their financial transactions within 30 days.

The legislation also contains a number of other provisions, including requiring members of the political intelligence community to disclose their activities.  The House is expected to vote on legislation next week.  WPost, Minor Senate bill transformed into broad reform package

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