Washington (CNN) – The Senate is expected to vote on a bill next week aimed at stopping lawmakers from cashing in on information not readily available to the public that they obtain in the course of their congressional work, according to a Senate Democratic leadership aide.
In his State of the Union address earlier this week, President Obama urged Congress to pass immediately the Stop Trading on Congressional Knowledge (STOCK) Act, which he said he would sign into law.
The version of the bill the Senate will consider would prevent stock trades on insider information and would also prevent lawmakers from profiting in any way on the private information available to them as elected officials.
Concerns about insider trading gained traction after a recent "60 Minutes" report highlighted the issue.
The bill is expected to get "strong support" in the Senate, the leadership aide said.
House GOP leaders have also said they plan to take up a version of the bill.