By a nearly unanimous vote this morning the House passed the STOCK Act, which , "would, among other things, explicitly ban insider trading for members of Congress and their staffs."
The , with 14 members absent. The two nay votes were from Rep. John Campbell, R-Calif., and Rep. Rob Woodall, R-Ga.
The bill passed the Senate by a 96-3 vote last week (the nay votes came from Jeff Bingaman, D-N.M., Tom Coburn, R-Okla., and Richard Burr, R-N.C.). President Obama is planning to sign it into law.
As Tamara reported for All Things Considered, Reps. Louise Slaughter (D-N.Y.) and Tim Walz (D-Minn.) had been working on the legislation for quite some time, but it wasn't going anywhere.
"Then, in mid-November, CBS's 60 Minutes ran an explosive story about congressional insider trading and other conflicts of interest. Almost immediately, the STOCK Act got very popular."
And in what for Congress is quite a short time, it's been passed.
CBS has posted a shorter version of .
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