Sen. Josh Hawley (R-MO) introduced his Preventing Leaders from Owning Securities and Investments Act.
Yes. The PELOSI Act.
“For too long, politicians in Washington have taken advantage of the economic system they the rules for, turning profits for themselves at the expense of the American people,” stated Hawley. “As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again.”
Hawley concluded: “While Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other, hardworking Americans pay the price. The solution is clear: we must immediately and permanently ban all members of Congress from trading stocks.”
Stopping lawmakers from insider trading is a bipartisan issue. Georgia Democratic Sen. Jon Osoff had a similar bill last January. Hawley did as well.
It’s common knowledge that Nancy Pelosi and her husband have become wealthy since her time in office. Coincidence? I doubt it. The latest eyebrow-raising move happened in July: Pelosi Unloads Millions In Nvidia Stock At A Loss Before Senate Passes Massive Tech Subsidies
2022 was a down year for Pelosi compared to 2021. But Pelosi is not the only one. This happens on both sides of the aisle.
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