Breaking: The Senate is expected to vote on a stock trade ban this week
Here's why it won't pass:
1. This vote will need 60 votes to advance in the Senate
2. Almost every Democrat will vote against it
Why?
The Stop Insider Trading Act includes an extra provision that has nothing to do with a stock ban
It's a stock ban + voter ID stuff that would require voters to provide a valid photo ID when voting, among other things
This has led to a filibuster, with Democrats drawing out debate and preventing the bill from getting a final vote
That's why Republicans are pushing for a vote on cloture, which would allow the Senate to move forward with the legislation (requires 60 votes)
If the unlikely scenario happens and they get the 60 votes they need, the Senate could then proceed to an actual vote on the bill
3. If the bill isn't passed by Jan 3, 2027, it will die and have to be reintroduced in the next Congress
If this week's vote doesn't reach 60 votes, the bill will likely get pushed to the back burner simply bc there isn't enough time, care, or effort to try again
They'll just be like, "welp, we tried"
Our opinion ^
4. If Republicans can't pass this bill while controlling both chambers, imagine how impossible it will be if Democrats win majority in just one chamber
Source: politico