Trending

SAVAGE: Josh Hawley Introduces New Bill that Nancy Pelosi will NEVER Forget

Former Speaker Nancy Pelosi was trolled by Missouri Sen. Josh Hawley, who reintroduced legislation to ban members of Congress and their spouses from owning and trading stocks.

According to the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, members and their spouses would have six months to divest any holdings or place them in a blind trust – mutual funds, exchange-traded funds, and Treasury bonds would still be allowed.

Those found in violation of the bill would have to return their profits to American taxpayers.

A compliance audit would be conducted by the Government Accountability Office (GAO) two years after the bill was signed.

While she led Democrats in the House, Pelosi was criticized for her husband Paul’s prolific stock trading. Days before a House vote that handed $52 billion to semiconductor producers, Paul unscrupulously purchased $5 million in semiconductor chip stock. In order to avoid the appearance of a conflict of interest, he sold the shares at a loss.

According to the former speaker, she does not discuss stocks with her husband.

“No, absolutely not,” she said last year when a reporter asked if her husband ever made a stock purchase or sale based on information received from her.

There is a combined net worth of around $46 million between the Pelosis.

As of 2012, Congress members must report stock transactions of $1,000 or more by themselves or their family members within 45 days under the STOCK Act. Insider trading laws are also supposed to apply to members of Congress.

Sen. Josh Hawley is not mincing words with his recent introduction of the savagely named ‘PELOSI’ Act. This much-needed bill, if passed, would bar members of Congress and their spouses from monetary gain through the abuse of their power. Though mutual funds, exchange-traded funds, and Treasury bonds would still be available to them, this bill shows Sen. Hawley taking a stand against corrupt influences in our government that use their power for personal gain.

Next News Network Team

View Comments

Recent Posts

Kevin Costner Breaks Silence: ‘Crushing’ Divorce and Moving Forward

"Kevin Costner Breaks Silence: 'Crushing' Divorce and Moving Forward" "Hollywood Icon Kevin Costner Opens Up…

6 months ago

Walgreens Considers Major Store Closures Amid Retail Challenges

Walgreens Boots Alliance CEO Tim Wentworth announced potential closures of a "meaningful percent" of the…

6 months ago

Dave Grohl’s Concert Pause: Foo Fighters Frontman Puts Safety First

Dave Grohl, Foo Fighters frontman, halted a concert in Birmingham to address a crowd disturbance.…

6 months ago

Panthers’ Paradise: Florida’s Stanley Cup Celebration Reaches Legendary Status

The Florida Panthers have etched their names in NHL history not just for their on-ice…

6 months ago

Chanel West Coast’s Double Life: New Reality Show Reveals Star’s Struggles

By day, I'm mom. By night, I'm an artist," Chanel West Coast says in the…

6 months ago

Media Matters Funnels Six-Figure Sum to Board Member’s Firm

Media Matters for America, a nonprofit focused on correcting "conservative misinformation," paid $105,000 in 2022…

6 months ago