Alleged insider trading by members of Congress, and its taint on the image of that already unpopular institution, continues to gain traction on Capitol Hill. Sen. Joe Lieberman, I- Conn., chairman of the Senate Homeland Security and Government Reform Committee, set the goal of Dec. 15 for a committee markup, or drafting session, on a bill to prohibit members of Congress and staffers from using knowledge gained from their jobs to trade in securities or to tip off others.
“It’s not a simple legislative drafting matter,” he told reporters… after the hearing…but he said, “I’m confident we can get a good part of this done by the 15th.”
Read more at http://nbcpolitics.msnbc.msn.com/_news/2011/12/02/9167742-congressional-insider-trading-ban-gains-momentum-but-has-far-to-go
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