Now that Nancy Pelosi is no longer the Speaker, Senator Josh Hawley (R-MO) decided to honor her, sort of.
Hawley’s legislation addresses members of Congress and their spouses trading stocks.
The legislation is called the Pelosi Act.
It Could Pass
Believe it or not, if Schumer decides to put this one the floor, it could pass.
And if it gets past the Senate, it will definitely pass the House.
Hawley introduced the legislation this week…
Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market – today l’m introducing legislation to BAN stock trading & ownership by members of Congress. I call it the PELOSI Act pic.twitter.com/aIXNwSnTvW
— Josh Hawley (@HawleyMO) January 24, 2023
The legislation excludes mutual funds, ETFs, and treasury bonds.
Hawley stated, “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.
“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.”
I am curious to see if Schumer floors this as is, requests a name change, or just ignores it altogether.
If it does hit the floor, pay attention to who supports it and who does not.
That will give you a great idea of the crooks in Congress.
Source: Fox News
