A new bill has been submitted by Senator Josh Hawley, this bill is expected to refrain members of Congress from trading and possessing stocks, leveraging the name of his legislation to criticize the investment activities of Rep. Nancy Pelosi and her family.
Hawley, on Tuesday, introduced the Pelosi Acr, also called the Preventing Elected Leaders from Owning Securities and Investments Act. The act has renewed a legislative boost to diminish stock trading by legislative members that had previously not been effective.
According to Hawley in a tweet, members of Congress and their spouses shouldn’t be exploiting their power to make money on trading stocks.
Hawley, similar to several other Republicans, had targeted the former Speaker and her family for initiating the ban on stock trading by members of Congress.
During the last year, Pelosi’s husband Paul Pelosi was found selling millions of dollars worth of shares of a computer chipmaker as the House readied itself to vote on a bill specifically focused on domestic chip manufacturing.
Paul Pelosi, accordin...