lawmakers’ questionable stock trades prompt new bill

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tom price, now secretary of health and human services, speaks during a news conference last year while he was still in congress. (andrew harrer/bloomberg news)rep. louise m. slaughter introduced a bill friday to close “ethics loopholes” in a five-year-old law that has failed to stop members of congress from taking advantage of exclusive stock deals that are not available to the general public.slaughter (d-n.y.), a co-author of the 2012 stock act, said she decided that amendments to the law are needed because of controversial, discounted stock purchases that were made by reps. chris collins (r-n.y.) and tom price (r-ga.), now the secretary of health and human services,  in 2015 and 2016.in one of collins’s stock trades in 2013, he took part in an initial public offering in a foreign market and did not disclose it on financial forms. a possible loophole is that ethics officials and lawmakers are interpreting that requirement to apply only to the u.s. market.the trades led to accusations of “insider trading” on the part of collins and price.“we are blessed people and we are here to do good for the country,” slaughter said in an interview. “we are not here to do goo......

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