Stay Curious. Stay Connected.
MailNewsletters♡Donate Now
Sign up
*Password must be at least 8 characters and contain one uppercase letter, one lowercase letter, one number and one symbol.
Already have an account?
By submitting, you consent that you are at least 18 years of age and to receive information about MPR's or APMG entities' programs and offerings. The personally identifying information you provide will not be sold, shared, or used for purposes other than to communicate with you about MPR, APMG entities, and its sponsors. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.
Sign in to your profile
Forgot Password?
New to MPR News?
Welcome back
to news
for you
Reset Password

Enter the username on file and we'll send you a code to reset your password.

Still require assistance or not sure what your User Name is?
Welcome back
to news
for you
Email Verification

A verification code has been emailed to

Still awaiting the code?
Capitol View®
Brett Neely

STOCK Act passes Senate, will get House vote next week

Go Deeper.

Create an account or log in to save stories.

Log inCreate a free Account

Like this?

Thanks for liking this story! We have added it to a list of your favorite stories.

Show me!

WASHINGTON - The U.S. Senate passed the STOCK Act Thursday evening with 96 votes for, including those of Minnesota's two senators and just three votes opposed. The legislation bars members of Congress and high-level members of the executive branch from profiting in the stock market with information gleaned on the job and tightens financial reporting requirements for elected officials.

"No one is above the law in this country - least of all the lawmakers," said DFL Sen. Amy Klobuchar in a written statement.

Action now moves to the House where DFL Rep.Tim Walz was an original sponsor of the bill, which now has wide bipartisan support. Shortly after the Senate vote, the Republican House Majority Leader, Eric Cantor, promised a swift vote on the bill next week after initially resisting efforts to advance the measure in December.

"I'm pleased that Majority Leader Cantor has ended his obstruction of the STOCK Act," said Walz in a statement issued by his office. Yesterday, Walz and Rep. Louise Slaughter (D-NY), his main ally on the STOCK Act, had challenged Cantor by beginning a legislative procedure known as a discharge procedure to force a floor vote on the bill.

Once the bill passes, President Obama has promised to sign it immediately.