US House approves congressional insider trading law

[JURIST] The US House of Representatives [official website] passed a bill [S 716, material] on Friday that exempts senior government officials from having to report their financial information online. The bill amends the Stop Insider Trading on Congressional Knowledge Act (STOCK Act) [S 2030, PDF] to remove many senior government officials from the reporting requirements on the grounds that the posting of financial information could be a national security risk [The Hill report]. The reporting requirements still apply to the...

Source: http://jurist.org/paperchase/2013/04/us-house-approves-congressional-insider-trading-law.php

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