Source: The Hill
“Senate Democrats on Wednesday blocked a bill sponsored by vulnerable GOP incumbent Sen. 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 in support of the measure. It needed 60 votes to advance on the Senate floor. Ricketts, who is facing a competitive race in Nebraska, argued before the vote that his bill would ‘ban congressional insider trading’ and touted it as a ‘commonsense’ reform that ‘we need to pass.’ It passed the House in July by a vote of 232-198 with the support of 13 Democrats.” (09/30/26)
https://thehill.com/homenews/senate/6120528-senate-blocks-gop-stock-bill