House passes insider trading bill
The House of Representatives has passed a bill on a bipartisan basis that would be the first statute directly banning insider trading in the securities markets. The bill largely would preserve current case law, but would expand the scope of insider trading by prohibiting trades based on information obtained by theft or computer hacking. The House passed an identical bill in late 2019 that did not receive a Senate vote, but Senate action may be more likely under current Democratic control.
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