Congress Votes to Eliminate Key Requirement of Insider Trading Law

CNN
Apr. 14, 2013

Washington (CNN) The U.S. House on Friday eliminated a key requirement of the insider trading law for most federal employees, passing legislation exempting these workers, including congressional staff, from a rule scheduled to take effect next week that mandated online posting of financial transactions.

Aides to lawmakers insisted the changes were needed to avoid potential security risks to federal employees by revealing personal information.

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