Stricter insider trading bill for US Congress
- 12 years ago
A bill first put forward five years ago to stop United States politicians from trading inside information is closer to becoming law.
Congress is looking at a new law to block Senators and its members from using information picked up in committees, reports and briefings to play the stock market -- essentially insider trading.
Data shows that nearly 1536 members of Congress outperform the stock market by about 6 to 10 per cent on a regular basis.
But that may soon be a thing of the past.
Al Jazeera's Alan Fisher reports from Washington.
Congress is looking at a new law to block Senators and its members from using information picked up in committees, reports and briefings to play the stock market -- essentially insider trading.
Data shows that nearly 1536 members of Congress outperform the stock market by about 6 to 10 per cent on a regular basis.
But that may soon be a thing of the past.
Al Jazeera's Alan Fisher reports from Washington.