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The bill, a version of which has also passed in the Senate, stemmed from a recent "60 Minutes" report and the book "Throw Them All Out," by Peter Schweizer, which examined stock dealing in the hallways of the House and Senate.
Finger-pointing over shady stock dealing in the hallways of the House and Senate is almost as old as Congress itself — the infamous Crédit Mobilier scandal of the 1870s was partially about members of Congress cashing in on discounted railroad stock.
Finger-pointing over shady stock dealing in the hallways of the House and the Senate is almost as old as Congress itself -- the infamous Cr t Mobilier scandal of the 1870s was partly about members of Congress cashing in on discounted railroad stock.
A handful of lawmakers have tried for years to enact restrictions on stock dealing by members of Congress.
A handful of lawmakers, led by Representative Louise M. Slaughter, Democrat of New York, have tried for years to enact restrictions on stock dealing by members of Congress.
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Second, it's largely a stock deal.
The stock deal was valued at $43 million.
Stock deals can be complicated, however, and vary widely.
The stock deal is now worth about $186 million.
The two companies are merging in a $7.4 billion stock deal.
Terms of the stock deal are not being disclosed.
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