They would also be prohibited from tipping off other people about what they know.
Hirono said in a statement that it is “not acceptable” for members of Congress to make money off of “insider knowledge.”
Hanabusa and Hirono are among 273 members of the House who support the STOCK Act — short for Stop Trading on Congressional Knowledge Act.
The Washington Post has a great rundown of frequently asked questions — for example, isn’t insider trading already illegal? — about the STOCK Act. Check it out.
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