The most controversial bit is Section 106, which would prohibit entities with access to the Fed’s discount window—ie, banks—from trading swaps or using them to hedge their own exposures.

In the first section the writer commented on the definition of insider trading and determined it from two core parts: inside information and insider.

The most controversial bit is Section 106, which would prohibit entities with access to the Fed's discount window—ie, banks—from trading swaps or using them to hedge their own exposures.