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![]() Topic: toms shoes sale who urged Congress to act on thePosted: May 04 2013 at 9:05am |
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By LARRY MARGASAK, Associated Press WASHINGTON (AP) Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote. House Majority Leader Eric Cantor, R-Va., repeated Friday that he plans to take the measure to the House floor next week for debate and vote, adding that "we are currently reviewing the actions the Senate took on that bill and we intend to strengthen that bill." Cantor said Friday it was the Republican intention to "get a bill to the president's desk as quickly as possible so that there is no misunderstanding on the part of the people here that they can trust this institution and the members." He dismissed Democratic requests that the House consider a similar longstanding Democratic measure, sponsored by Reps. Louise Slaughter of New York and Tim Walz of Minnesota, saying it would weaken the Senate bill. Walz, in turn, said his bill had 282 sponsors and implored Cantor and Speaker John Boehner, "don't write something behind closed doors" and "don't do something that can't pass the Senate." In a rare display of bipartisanship, the Senate rallied around the measure that both bans insider trading and takes a step toward restoring the tarnished image of lawmakers. It remains to be seen whether the House will do the same. President Barack Obama, who urged Congress to act on the legislation during his State of the Union addressed, repeated that he was ready to sign it immediately. "No one should be able to trade stocks based on nonpublic information gleaned on Capitol Hill,toms outlet," the president said. "So I'm pleased the Senate took bipartisan action to pass the STOCK Act. I urge the House of Representatives to pass this bill, and I will sign it right away." Obama said still more ethics restrictions were needed, "lik |
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