Senator Hawley Introduces New Bill to Bar Lawmakers from Trading Stocks
Waves were made Tuesday evening as Sen. Josh Hawley (R-MO) introduced a bill to congress he dubbed the PELOSI (Preventing Elected Leaders from Owning Securities and Investments) Act. The legislation, if passed, would prevent sitting members of congress and their spouses from investing in stocks while in office. The bill's acronym serves as a double entendre, referencing Paul Pelosi and his wife, Nancy Pelosi, who was openly observed trading between $1 million and $5 million of stocks for semiconductors just days before Congress allocated $52 million to the industry, in a move many would perceive as a form of insider trading. Read More