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House Plans Bill Banning Congress From Trading Stocks Amid Pelosi Insider Trading Rumors

House Democrats are planning to ban members of Congress from trading stocks amid accusations that Nancy Pelosi has been using inside information to enrich her family.

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Democrats in the U.S. House are reportedly planning legislation that would prohibit members of Congress from trading stocks later this fall as their leader, Speaker Nancy Pelosi, is under fire for conservatives who question her husband’s stock market maneuvers.

The bill would give lawmakers, their spouses, and their staffers the option to choose between putting their assets in a blind trust, giving up control to an independent third party, or completely selling them, but would would still allow lawmakers to hold mutual funds.

“We’re almost ready to move forward on this,” Rep. Zoe Lofgren, the chair of the House Administration Committee, told Punchbowl on Wednesday.

“Public office is a public trust. It is my personal view that there should be regulation, or cessation, with respect to members and their spouses owning or trading stocks and other financial instruments,” Lofgren told the Insider in a statement.

“For the past months, I have been seeking to build consensus on this issue so we can move forward,” said Lofgren. “Having considered substantial input from our hearing and reviewed a range of legislative proposals, I hope to release a legislative framework for public review in the coming weeks.”

“We are so close and making progress! Keep up the pressure everyone!” tweeted Rep. Alexandria Ocasio-Cortez.

The news comes as House Speaker Nancy Pelosi (D-CA) and her husband, alongside other politicians, have been accused of using insider information to enrich themselves on the stock market.

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Valiant News reported on Thursday that Former Dallas Federal Reserve Chair Richard Fischer alleged that the House Speaker “appears to have taken advantage of inside information” in light of her husband’s lucrative stock trades.

“With regard to the House and the Senate, clearly people have taken advantage of inside information forever,” Fischer said on CNBC’s “Squawk Box” program. “I’m not guessing they’re tamping that down.”

The expert went on, “I’m sorry to see that Paul Pelosi and Nancy Pelosi and others appear, it’s all appearance now we don’t know the facts, appear to have taken advantage of inside information.” Fischer concluded, “So something needs to be done.”

A report by The Gateway Pundit revealed that Paul Pelosi purchased up to $5 million in Nvidia stocks just one day before Congress was set to vote on a bill to boost domestic production of semiconductors.

Following the public backlash, Pelosi dumped his Nvidia stock and suffered a loss of $341,365.

When confronted by reporters on the suspicious financial activity, the the House Speaker replied “no, absolutely not. Okay, thank you,” before immediately hurrying away from the podium.

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Andrew White is a Northern Virginia native. His work has been previously featured on Alex Jones’ Infowars, Revolver News, and The Liberty Daily. White is a constitutionalist Patriot, who focuses on social issues, election integrity, globalism, US politics, as well as general corporate and government corruption.

6 Comments

6 Comments

  1. Avatar

    Donald N. Baker

    July 30, 2022 at 10:02 am

    Insider trading is a crime and Pelosi should be charged with that crime. She became a millionaire by serving in congress. Other than blatant corruption, how is that possible?

    • Avatar

      Beth Martin

      July 30, 2022 at 1:39 pm

      I’ve made $64,000 so far this year working online and I’m a full time student. Im using an online business opportunity I heard about and I’ve made such great money. It’s really user friendly and I’m just so happy that I found out about it. Heres what I do.
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        July 30, 2022 at 6:33 pm

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    • Avatar

      Sandra Lee Smith

      July 30, 2022 at 7:06 pm

      More than 1/2 of Congress should be. I was wondering what the Dems’ work around loophole is.

  2. Avatar

    Juliya

    July 30, 2022 at 5:01 pm

    I’m making over $30k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life.

    This is where i started……>>> 𝐖𝐰𝐰.𝐉𝐨𝐛𝐬𝐑𝐞𝐯𝐞𝐧𝐮𝐞.𝐜𝐨𝐦

  3. Avatar

    2004done

    July 30, 2022 at 5:14 pm

    It sure SOUNDS like the corruption will allow something about congressional insider money-making to get done, if not this century or next, then perhaps in the 2200s (IF we can keep our Republic).

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