NPR logo

House To Take Up Bill To Ban Insider Trading

  • Download
  • <iframe src="https://www.npr.org/player/embed/146330413/146330428" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
House To Take Up Bill To Ban Insider Trading

Business

House To Take Up Bill To Ban Insider Trading

House To Take Up Bill To Ban Insider Trading

  • Download
  • <iframe src="https://www.npr.org/player/embed/146330413/146330428" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The measure would explicitly prohibit members of Congress, top aides and senior administration officials from using nonpublic information to trade. The Senate passed its version of the bill Thursday.

(SOUNDBITE OF MUSIC)

STEVE INSKEEP, HOST:

NPR's business news starts with insider trading rules.

RENEE MONTAGNE, HOST:

Congress knows it has to repair its image, so this is a step in that direction. The Senate passed legislation yesterday that bars members of Congress and thousands of other federal workers from trading stock on information they get from working on Capitol Hill. And in a rare display of bipartisanship, the Senate approved the bill by a 96 to three vote. The House is expected to take it up right away.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.