House Passes Bill Establishing a Clear Definition of Insider Trading

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The legislation could make it more likely that recipients of improper tips will face prosecution, some lawyers say

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WASHINGTON—For decades, insider trading has lacked a statutory definition, sometimes frustrating prosecutors who must rely on a shifting body of court precedent.

The House of Representatives moved to clear up the uncertainty Thursday by passing a bill that explicitly defines—and bans—a crime that shakes investor confidence in the integrity of financial markets. If approved by the Senate and signed into law, the legislation could make it more likely that recipients of improper tips will face prosecution, some lawyers say.

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Let me guess - MoscowMitch is going to let it die on his desk because reasons

Moscow Mitch will obstruct it

MoscowMitch & Republicans keep saying that Impeachment is keeping .TheDemocrats from doing people’s biz. Except I think .SpeakerPelosi has already passed some 400 bills that .SenateMajLdr blocking, inc climatechange votingrights healthcare gunsafety electionprotection.

It should include official tweeting about market matters when hding public office.

Womp womp

Does it apply to Congress as well?

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