News: Obama signs insider trading ban into law

Obama signs insider trading ban into law

Obama signs insider trading ban into law

In what has become a rare scene in Washington, a group of bipartisan lawmakers joined President Barack Obama today at the White House for his signing of the Stop on Congressional Knowledge Act.

"The powerful shouldn't get to create one set of rules for themselves and one set of rules for everyone else," Obama said at the signing.

The legislation, referred to as the STOCK Act is designed to prohibit members of Congress, their families and staff from using any information gleaned while working on the Hill to execute stock transactions.

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