Rep. Spencer Bachus, R-Ala., is under investigation by the Office of Congressional Ethics for his trades while also serving as chair of the House Financial Services Committee.
A review of his financial disclosure forms by The Washington Post found Bachus bought stock options at the time of major policy announcements, both by the federal government and financial industry.
Reports of the investigation come as Congress mulls an insider-trading bill, dubbed the STOCK Act. The House and Senate will next try to reconcile differences in separate versions of the bill.
Read more at The Washington Post.