Democrats block bill restricting lawmakers from trading stocks

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Senate Democrats blocked the Stop Insider Trading Act, a bill sponsored by GOP incumbent Pete Ricketts to restrict members of Congress from buying new stocks of publicly traded companies. The legislation failed with a 53-47 vote, as no Democrat supported the measure, arguing it did not sufficiently crack down on corruption. This move denied the GOP a pre-midterm victory on a stock trading issue that has significantly rankled voters across the United States.
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