The Senate voted 53-47 on Wednesday to advance the Stop Insider Trading Act, seven votes short of the 60 needed, the Deseret News reported. The House-passed bill would bar members of Congress from buying new individual stocks. It would also require photo identification to vote in federal elections. Minutes later, the Ratepayer Protection Act, a bill on what data centers add to power bills, fell 57-43. The Senate then left Washington until after the Nov. 3 election.
Neither rule on lawmakers' stock trades nor a national voter ID rule will reach your ballot or your representative's portfolio before you vote.
The two questions have traveled separate roads for years. Members' stock trading has drawn complaints from both parties, and stand-alone bans have stalled. A national photo-ID rule has been a Republican goal and a Democratic objection for longer. The House joined them in one bill in July, ABC News reported. The Senate's 60-vote rule meant either side could stop both.
- The House passed the stock-and-ID bill 232-198 on July 22.
- The Ratepayer Protection Act passed the House 417-3.
- Four Democrats backed the ratepayer bill: Hassan, Klobuchar, Ossoff and Warnock.
Majority Leader John Thune scheduled the votes. Minority Leader Chuck Schumer led the opposition. Sen. Mike Lee, R-Utah, championed the voter ID language. Sen. John Hoeven, R-N.D., cosponsored the ratepayer bill. Affected are voters without an accepted photo ID, members who hold stocks, and households near the large data centers now going up across the country.
Disputedwhether Democrats blocked two popular reforms, or Republicans built bills meant to fail.
The FramingsSenate Republican leadership framing (Thune) presented the votes as a test: "Will Democrats support commonsense measures like a stock trading ban, voter ID, and protection from higher energy costs?" Voter-ID backer framing (Lee) presents photo ID as a rule Americans "overwhelmingly want." Senate Democratic leadership framing (Schumer) presents a stock bill that "still allows Members of Congress and President Trump to own and sell stocks" and is "loaded with voting restriction provisions," and a ratepayer bill that is "a toothless messaging bill" because "an optional guardrail is not a guardrail at all." Ratepayer-backer framing (Hoeven, joined by four Democratic crossovers) presents a plain cost question: "American families shouldn't have to pay higher energy costs if a data center is built in their community."
The RecordThe 53-47 and 57-43 tallies are Senate roll calls, as the Deseret News and Valley News Live reported. The bill lets members keep stocks they already own. The ratepayer bill gives states two years to decide whether to adopt its standard, which covers data centers with 100 megawatts or more of peak demand. Confidence in the tallies and terms: certain. Confidence that either bill passes before January: low.
What to watch: The Senate's return after Nov. 3 for a lame-duck session. Whether Thune offers a stand-alone stock-trading bill then.
Sources: ABC News, Deseret News, Valley News Live, U.S. Senate (roll call votes)
