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Democrats block bill restricting lawmakers from trading stocks

CN
CitrixNews Staff
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Democrats block bill restricting lawmakers from trading stocks

Senate Democrats on Wednesday blocked a bill sponsored by vulnerable GOP incumbent Pete Ricketts (Neb.) to restrict members of Congress from buying new stocks of publicly traded companies, arguing the legislation didn’t go far enough to crack down on possible corruption. The Stop Insider Trading Act failed by a vote of 53-47. No Democrat voted…

Originally reported by The Hill. Read the full story at the original source.