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Woofun AI reports that the U.S. House of Representatives approved the "Stop Insider Trading Act" with a vote of 232 to 198. This legislation restricts members of Congress and their families from trading stocks, marking the first time such a ban has been voted on by the full House.
The bill encountered division within the Democratic Party, with only 13 Democrats voting in favor despite only two Democratic co-sponsors. Critics argue the measure is insufficient because it does not require lawmakers to divest existing holdings. The legislation now proceeds to the Senate for review.