At some point we all must get honest with ourselves. Democrats and Republicans are getting filthy rich simply by being a politician. Pelosi's husband traded on inside information for years and made mega-millions. When are we gonna close the loopholes?





Josh Hawley Introduces ‘PELOSI Act’ to Ban Congress from Trading Stocks



Sen. Josh Hawley (R-MO) has introduced the “PELOSI Act” which would ban members of Congress, as well as their family members, from holding or trading stocks.


The legislation, known as the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, references former House Speaker Nancy Pelosi (D-CA) who was called out last year after her husband, Paul Pelosi, bought up to $5 million in stock in a semiconductor company right as the Senate was passing legislation to massively subsidize the semiconductor industry.


Pelosi was also among a group of Republicans and Democrats who beat the market in 2021 with hundreds of millions of dollars in stock trades. Others who faired the best include Reps. Austin Scott (R-GA), Brian Mast (R-FL), French Hill (R-AR), John Curtis (R-UT), and Dan Crenshaw (R-TX).


Hawley, who introduced similar legislation last year, said the practice must end.


“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley said in a statement.


“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,” he continued.