Wednesday’s House Administration hearing on congressional insider trading is in one sense a win for the bipartisan cadre of lawmakers who have pushed on the issue for years.
But it’s far from the end of the road, and some of them still believe leadership is slow-walking a proposed ban on stock trading.
“Make no mistake, if this is not a step in the right direction, but a delaying tactic, then other options will be on the table for how to get this bill to the floor,” Rep. Seth Magaziner, D-R.I., said outside the committee room ahead of the hearing. “We have one bill, we have one strategy, and now it is on leadership to get this done and to give us a vote.”
