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Thursday, February 09, 2012

House Passes Insider Trading Bill

WASHINGTON (AP) - The House has passed a bill to ban members of Congress and executive branch officials from insider trading. But critics from both parties accuse House Republican leaders of caving in to investment firms by eliminating a proposal to regulate people who try to pry financial information from Congress.

The 417-2 vote Thursday will likely send the bill to a House-Senate conference to reconcile differences with a Senate-passed version of the bill.

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