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Senate likely to vote on scaled down insider trading ban for lawmakers, executive branch
WASHINGTON (AP) ' The Senate is likely to vote on a scaled-down bill to ban insider trading by members of Congress and other U.S. government workers.
Senate Majority Leader Harry Reid on Tuesday set in motion a procedural vote that could lead to final congressional action. The Senate and House overwhelmingly approved different versions of the legislation, which also would require frequent reporting of financial transactions.
The Senate could vote this week on the House version of the bill. It stripped out regulation of political intelligence firms that get paid to obtain information from Congress and sell it to investment firms. A Senate version would have required those firms to register and report their activities.
The House also eliminated Senate proposals to give prosecutors better tools to win public corruption convictions.