WASHINGTON, D.C - Today, Senate Democrats blocked U.S. Senator Pete Ricketts' (R-NE) Stop Insider Trading Act. This bill would prohibit members of Congress, their spouses, and immediate family members from profiting off stocks while serving in public office. It would also require Members and their families to disclose plans to sell stock to the public seven days in advance.

"Public service is not a profit-making business," said Ricketts. "Democrats disagreed when they blocked my bill to ban members of Congress from insider trading. Senate Republicans voted to deliver for Americans and help restore their faith in government officials. The House passed this bill in a bipartisan manner. It's discouraging that Senate Democrats failed to do the same."

The House passed the bill with a bipartisan vote of 232 - 198. Thirteen Democrats supported this bill. This is the second time Senate Democrats have blocked passage of the Stop Insider Trading Act.

Click here to watch Senator Ricketts discuss the Stop Insider Trading Act on the Senate floor.