Insider Trading Ban for Lawmakers Clears Congress
WASHINGTON — The Senate gave final approval on Thursday to an ethics bill that bans insider trading by members of Congress, clearing the measure for President Obama, who called for such legislation in his State of the Union address two months ago.
Passage came swiftly after the Senate voted, 96 to 3, to end debate on the measure, which was approved in the House by a vote of 417 to 2 last month.
The lopsided votes showed lawmakers desperate to regain public trust in an election year, when the public approval rating of Congress has sunk below 15 percent.
A step towards regaining credibility for the worst Congress I’ve ever seen. Now they need to overturn Citizens United.