Kathy Castor poised to support watered down bill on insider-trading rules in Congress

  • Eric Cantor

The House of Representatives is poised to approve legislation on Thursday that would tighten insider-trading rules in Congress, despite changes made by Virginia Representative Eric Cantor to a key part of the bill.

The legislation would also require public officials to disclose their stock transactions within weeks, rather than once a year, as is currently the case.

Tampa area Democrat Kathy Castor issued a press release announcing her support for the bill. "“It is time for real reform in Washington. Members of Congress should not be able to trade stocks based on nonpublic information gleaned on Capitol Hill. I urge the House of Representatives to pass this bill tomorrow. This is a chance for Republicans and Democrats to come together and say that we are not above the law."