- While Congress debates whether to ban spouses of lawmakers from trading, Nancy Pelosi’s husband is making huge stock trades.
- Insider estimated that the Pelosis’ combined wealth was at least $46.1 Million.
- Insider compiled all trades reported by Paul Pelosi since 2021.
As Congressmen DebateIf lawmakers and their spouses should be allowed to trade the stock exchange, Nancy Pelosi is House Speaker. Paul Pelosi is a venture capitalist who continues to regularly purchase and sell stocks and stock options.
Pelosi has access to confidential intelligence and the power to affect — with words or actions — the fortunes of companies in which her husband invests and trades.
When asked whether Congress members should be allowed stock trading in December 2021, Pelosi’s answerPositive
“We are a free-market economy. They should be able that,” she stated.
Some of her coworkers, on both the LeftThe Right, to sharply criticize her — and draft LegislationIt was passed to prohibit Congress members and their spouses stock trading.
Republican: “Year after Year, politicians somehow manages to outperform market, buying or selling millions of stocks of companies they’re supposed be regulating,” Sen. Josh Hawley said. “Wall Street, Big Tech and elected officials work together to enrich themselves at the expense the country. Let’s do something: Ban all members of Congress stock trading and require those who do to return their profits to the American people. It is time to stop looking blindly at Washington’s profiteering.
Sen. Jon Ossoff (Democrat) Similar bill introducedWith Sen. Mark Kelly, we have the intention to ban members and their families trading stocks.
“Members in Congress shouldn’t be playing the stock exchange while we make federal policy, and have extraordinary accessibility to confidential information,” Ossoff stated.
On July 21 Pelosi deniedShe has discovered that her husband uses the information she gives to make stock trades. Her stance on a ban on stock-trading in Congress has been softened.
Pelosi will be in September Supported a bill House Democratic Leadership advancedThis would prohibit certain government officials, including members and Congress, from trading individual stocks. However, many government reform groups are still involved. This legislation has been pannedThis is the case for a general congressional stock-trade ban. It is unclear.
Insider previously estimated that Nancy Pelosi is worth at most $46,123,051. 25 of the wealthiest members of Congress. The vast majority (over 90%) of the wealth of the couple is derived via stocks, options and investments made through Paul Pelosi.
