House Democrats plan to introduce legislation next month that would prevent stock trades by members of Congress and their spouses, Punchbowl News reported. The framework would force members to place assets in either a qualified blind trust or completely sell them off. Lawmakers, spouses, and staff would still be able to hold mutual funds.
Last week congressional stock purchases were again under fire after Speaker Nancy Pelosi's husband purchased over $1 million in shares of semiconductor firm Nvidia as Congress was negotiating the bill to inject billions into the semiconductor chip industry.
- Speaker Pelosi was not in favor of any type of ban but changed her opinion if it involved the entire government. - "It has to be government-wide," she said in December.
Paul Pelosi
- Financier with an estimated wealth of over $100 million
- Bought options to purchase shares of Apple, NVIDIA, and Microsoft
- But it was the shares in NVIDIA that caught attention because they were worth so much
- This raises the specter that Paul Pelosi could have access to insider legislative information
No comments:
Post a Comment