Shine the Light

• March 24, 2008, Midnight

Democratic Reps. Brian Baird (Wash.) and Louise Slaughter (N.Y.) are retooling their effort to impose some rules on the booming but shadowy political intelligence industry. The pair have had little luck pushing a proposal aimed at banning what some call the last legal form of insider trading: buying and selling stocks based on nonpublic Congressional information that has the power to move the markets.