This might be the transcript of the interview I heard to the effect that the bill had essentially already been neutered in transit.
Congress Cracks Down On Insider Trading : NPR
Figures.Many had been hoping this bill would go even further. Craig Holman, a lobbyist for Public Citizen, says earlier versions were watered down.
CRAIG HOLMAN: I mean, it's still a useful bill. But it omits two of the strongest and most desperately needed ethics provisions that were in the original Senate act.
KEITH: One would have required people selling insider information about Congress to hedge funds to register, like lobbyists. Another would have made it easier to prosecute public corruption.