The U.S. House has overwhelmingly passed a bill introduced by 4th District Congressman Jim Himes.  The Insider Trading Prohibition Act was approved by a vote of 410-13. The bill establishes an unambiguous statutory prohibition on insider trading.  The bill codifies and clarifies the overarching principles on insider trading set forth by courts.  Himes says it also eliminates the ambiguities that have existed in the case-by-case evolution of the law in this area.  Himes added that the fairness, integrity and safety of capital markets are weakened when corporate insiders and others who wrongfully obtain inside information misuse it, profiting at the expense of other investors and the market as a whole.