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Senate Dems Block Legislation to Ban Insider Trading, Citing Attached ‘Voter Suppression’ Language

AP Photo/Mariam Zuhaib

Senate Democrats on Wednesday afternoon blocked the House-approved Stop Insider Trading Act, with Sen. Dick Durbin posting that the legislation did not adequately ban congressional stock trading, but also included "a sweeping voter suppression measure."

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Fox News' Bill Melugin has more on that "sweeping voter suppression measure":

The post continues:

… vote along party lines in the Senate by a vote of 53 to 47, with every Senate Democrat voting against it. It needed 60 votes to advance.

The legislation would ban members of Congress, their spouses, and their dependent children from purchasing new individual stocks, and would require photo ID to vote in federal elections. 

This was a way for Republicans to get Democrats on record on voter ID before the mid-term elections, something that Sen. Majority Leader John Thune (R-SD) said yesterday is "supported broadly by the American people."

But Democrats accuse Republicans of tanking an otherwise popular, bipartisan topic (congressional stock trading) by attaching voter ID to it, with Sen. Minority Leader Chuck Schumer saying, "All they really want is to score political points before they head home to campaign."

Dems also argue the stock bill didn't go far enough, as the President was exempt and it allowed lawmakers to keep and sell their existing stocks.

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The post continues:

… TRADING 🤯

Same bill passed the House. In the Senate, it needed 60 votes to advance — but couldn't get there because of Dems

These people do not want what's best for America. VOTE RED IN NOVEMBER 🇺🇸

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A lot of Republicans are upset with the attachment of the voter ID language to the legislation, thinking that at least the people could have gotten a ban on congressional stock trading. 

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Durbin gives the game away by saying that the bill did not adequately ban congressional stock trading before even bringing up the voter ID provision. 

"… lied."

***

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