Dream. Josh Hawley Introduces PELOSI Act To halt Insider-Trading

Via American Greatness,

Senator Josh Hawley (R-MO) has reintroduced the “Preventing Elected Leaders from Owning Securities and Investments” (PELOSI) Act that would prohibit members of Congress and their families from trading stocks while in office.

The name of the act is a direct nod in the direction of 20 term Congresswoman Nancy Pelosi (D-CA) whose net worth has soared from $160,000 when she was first elected in 1987 to more than $140 million in 2024.

The bill to ban congressional stock trading is entitled the PELOSI Act, or „Preventing Elected Leaders from Owning Securities and Investments.”

I usually don’t like cute names for pieces of legislation, but this one hit the nail on the head. Bravo.

Pass it!! pic.twitter.com/pN8nicKJRx

— Charlie Kirk (@charliekirk11) April 29, 2025

Pelosi’s husband Paul, who narrowly survived a hammer attack 2022, is an investor who has made significant financial gains on stock trades that some speculate may have been based on insider information.

Hawley first introduced the PELOSI Act in 2023 but it failed to gain traction under the Biden administration.

Since then, the proposal has gained support on both sides of the congressional aisle and Fox News reports that President Trump has said he would “absolutely” sign the ban if it arrives on his desk.

Hawley has been a consistent critic of members of Congress being more focused on day-trading than they are on representing their constituents.

In a statement, Hawley said, “Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body.”

The PELOSI Act would prohibit lawmakers and their spouses from purchasing, selling or holding stocks during the time that the lawmaker is in office.

Lawmakers would still be able to invest in U.S. Treasury Bonds, diversified mutual funds or exchange-traded funds while in office.

Should the PELOSI Act be signed into law, current members of Congress would have 180 days to comply with newly elected members being required to comply with in 180 days of entering office.

Lawmakers who violate the act would be required to hand over their profits to the U.S. Treasury Department and could also face fines of up to 10% on each transaction.