A version of Rep. Louise Slaughter’s Stop Trading on Congressional Knowledge, or STOCK, Act, which is aimed at ending insider trading in Congress, is on its way to President Obama’s desk for his signature.
The Senate approved the legislation by a voice vote of 96-3 Thursday afternoon.
Slaughter first introduced the measure six years ago, but it failed to gain traction until the CBS show 60 Minutes aired a piece on it last fall. Hundreds of sponsors soon signed on and the bill passed in the House overwhelmingly last month.