Senate Votes to Ban Insider Trading by Lawmakers

Worth Clicking: Blasts from the past wound Romney

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February 02, 2012

Senate Votes to Ban Insider Trading by Lawmakers

The U.S. Senate passed a bill to ban insider trading of securities by lawmakers on a 96 to 3 vote, Roll Call reports.

The bill "engendered a broader debate over public ethics, including issues such as whether lawmakers should own stocks at all, given their ability to affect individual companies."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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February 02, 2012