As Politico reports, House Financial Services Committee Chairman Spencer Bachus, who had been pushing the bill, was called into Eric Cantor’s office and told in no uncertain terms to make sure the bill was killed.

Bachus has dutifully done his master’s bidding.

Bachus, an Alabama Republican, had been skewered by a recent “60 Minutes” investigation that documented how he used information culled from high-level congressional meetings during the ‘08 financial crisis to make tens of thousands of dollars in profits. The so-called STOCK bill — Stop Trading on Congressional Knowledge — was to have been his redemption.