Senate Democrats block congressional insider trading ban from becoming law

(The Center Square) – The U.S. Senate failed to advance a bill Wednesday that would have banned congressional stock trading after every Democrat voted against it.

The Stop Insider Trading Act, introduced by Rep. Brian Steil, R-Wis., passed the House earlier this year with bipartisan support. It would bar members of Congress, their spouses, and their dependent children from buying new stock issued by public companies while in office.