Congress closes loophole in stock trading law after CNN report
August 2nd, 2012
08:12 PM ET
8 years ago

Congress closes loophole in stock trading law after CNN report

(CNN) - House Republicans have been forced to close a potential loophole on their much-touted insider trading law - a loophole CNN uncovered and reported about last month.

Because of CNN's report, the Senate and House passed new legislation Thursday to close the loophole that could have allowed family members of some lawmakers to profit from inside information.


Filed under: House Republicans
soundoff (15 Responses)
  1. Wire Palladin, S. F.

    Thanks CNN. Keep working on eliminating the elected officials sweet deals. Now, how about scoring Mittens' tax plan?

    August 2, 2012 08:15 pm at 8:15 pm |
  2. Wire Palladin, S. F.

    Speaking of Romney's tax plan, it would create death panels for the middle class to the tune of $2000.

    August 2, 2012 08:19 pm at 8:19 pm |
  3. CBR

    Republicans were caught on this one. They did not do their homework and CNN found the error for them. What would have happened if CNN did report this error? Family members could have made out very well.

    August 2, 2012 08:20 pm at 8:20 pm |
  4. ge

    they had to be outed before they would fix it –they are law makers-how many more scams are there that they know about but making money on,maybe every law should be looked at that are ripping somebody off

    August 2, 2012 08:26 pm at 8:26 pm |
  5. Brad

    Guess Eric Cantor's take home will be dropping this year!!! LOL!!!

    August 2, 2012 10:08 pm at 10:08 pm |
  6. S.B. Stein E.B. NJ

    It is about time.

    August 2, 2012 10:29 pm at 10:29 pm |
  7. Former Republican, now an Independent

    Is anyone in the country really surprised that the republican controlled house left a door open for more corruption?

    August 2, 2012 10:43 pm at 10:43 pm |
  8. ptny

    Insider trading. Is this how Romney / Bain managed to get 100 million in his IRA?

    August 2, 2012 11:49 pm at 11:49 pm |
  9. T'sah From Virginia

    â–ºCongress closes loophole in stock trading law after CNN reportâ—„
    Dang, the idiots didn't know the loophole was there and needed CNN to tell them they came up short?
    We pay these people their salaries and in the end, they constantly bicker and fight
    And when they get a chance to prove "a little something," they end up NOT getting it right!!


    Obama 2012 – The Only Trusted Way Forward!!!

    August 3, 2012 12:11 am at 12:11 am |
  10. enuff

    It was a pathetic attempt at omission they all hoped would be overlooked. NOW if they could just Romney to release his taxes...

    August 3, 2012 12:52 am at 12:52 am |
  11. Logic N LA

    Thank you CNN

    August 3, 2012 03:09 am at 3:09 am |
  12. exrepublican

    Good work CNN!

    August 3, 2012 07:50 am at 7:50 am |
  13. The GOP need to pack up and leave

    Guys? Insider trading is ILLEGAL. Period.

    August 3, 2012 08:22 am at 8:22 am |
  14. Wake up people

    Good, no one should be able to profit from insider information, especially not our elected officials.

    August 3, 2012 08:40 am at 8:40 am |
  15. GI Joe

    The Do Nothing House can vote on everything except what will help our country. They set up committees to investigate other committees, they name post offices, they vote 35 times to repeal health care, they vote for 110 abortion bills, they named a post office. Then they take another vacation.

    Vote the obstructionists OUT.

    August 3, 2012 09:11 am at 9:11 am |