Nancy Pelosi is in deep trouble.
Pelosi has no way to protect herself from the fallout.
A top Republican exposed the scandalous secret Nancy Pelosi doesn’t want you to know.
Americans do not expect their elected officials to go to Washington to feather their own nest.
But far too often members of Congress trade on insider knowledge of the companies they regulate to pad the bottom line.
One of the worst examples is Nancy Pelosi.
Pelosi’s husband Paul purchased $5 million in Tesla stock as Pelosi rammed legislation through the House promoting electric vehicle credits.
Paul Pelosi also bought $5 million worth of shares on Nvidia — a company set to receive $50 billion in bailouts to manufacture semiconductor computer chips.
The Pelosis established a remarkable record of picking stocks and watching their bank accounts explode as the Pelosis’ net worth increased by more than 500 percent between 2008 and 2021.
“Pelosi’s portfolio has performed remarkably well during periods of financial turmoil, her financial disclosures show. Her estimated net worth skyrocketed at the onset of the Great Recession, going from $31.4 million in 2008 to $101.1 million in 2010, a 220 percent increase in a window where the S&P 500 decreased by 13 percent. The speaker also reaped a significant return during the COVID-19 pandemic, seeing her estimated net worth jump from $106 million in 2019 to $171.4 million in 2021, an increase of 60 percent,” the Washington Free Beacon exclusively reports.
Missouri Senator Josh Hawley wants to put a stop to this swampy behavior.
To do so, Senator Hawley introduced the PELOSI — Preventing Elected Leaders from Owning Securities and Investments — Act.
Hawley declared that politicians like Pelosi exploited their power for financial gain at the expense of the American people.
“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,” Senator Hawley’s statement read.
“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,” Senator Hawley continued.
That’s why Senator Hawley explained that the PELOSI Act would ban members of Congress from trading stocks while in office.
“While Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other, hardworking Americans pay the price,” Senator Hawley added. “The solution is clear: we must immediately and permanently ban all members of Congress from trading stocks.”
Nancy Pelosi originally opposed this legislation when it came up in the last Congress.
It’s not hard to see why.
Pelosi then pretended to get on board just before the election when it was obvious how popular the bill was — a Trafalgar Group poll found 76 percent of Americans supported banning members from trading stocks.
Now Senator Hawley is looking to make banning members of Congress from trading stocks a reality.
So it comes as no surprise this is rumored to be Pelosi’s last term in Congress.
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