US Senators introduce bill to ban Pelosi-style stock trading in Congress

Nancy Pelosi

Nancy Pelosi’s husband has made millions trading shares of big tech companies. Getty Images

By Theo Wayt

New York Post

House Speaker Nancy Pelosi and her husband could be forced to stop trading individual stocks as US Senators from both parties pushed legislation that would ban the practice.

Sen. Jon Ossoff (D-Ga.) and Mark Kelly (D-Ariz.) introduced a bill on Wednesday that that would ban members of Congress, their spouses and their dependent children from trading stocks while in office. They would be required to place their assets in a blind trust — and any member of Congress that fails to comply would be fined their entire salary.

“Members of Congress should not be playing the stock market while we make federal policy and have extraordinary access to confidential information,” Ossoff said.

News of Ossoff’s plans for a bill was first reported by The Post on Saturday.

Sen. Josh Hawley (R-Mo.) also plans to introduce a separate bill that would ban members of Congress from trading stocks, spokeswoman Abigail Marone told The Post on Wednesday.

“Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they’re supposed to be regulating,” Hawley said in a statement. “It’s time to stop turning a blind eye to Washington profiteering.”

[…]

Via https://nypost.com/2022/01/12/momentum-builds-for-ban-on-pelosi-style-stock-trading-in-congress/

 

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