Former Speaker Nancy Pelosi’s (D-CA) wealth is coming under fresh scrutiny as members of Congress once again move to ban insider trading among members of Congress.
Republican Sen. Josh Hawley (R-MO) has floated a ban on letting lawmakers trade stock.
It comes after President Donald Trump voiced support for such restrictions.
The PELOSI Act, proposed by Hawley, would bar members of Congress and their family members from trading most stocks.
Pelosi’s remarkable success at beating the market has long raised eyebrows.
It places her at the center of a recurring debate on banning Congress from the stock market.
The California Democrat has defended her right to participate in the stock market on free market principles, despite her access to privileged information.
The influential lawmaker is among the wealthiest members of Congress, deriving most of her fortune from her husband’s investments.
Insider trading is illegal for members of the public, but members of Congress have long had a free pass.
Paul Pelosi, the congresswoman’s husband, outperforms even Wall Street’s leading investors.
However, Nancy Pelosi insists that she doesn’t provide her husband with inside information, despite the suspicious timing of most of his trades.
The insider trading allegations are often shot down by the liberal corporate media as sleazy “fact-checkers” argue that Pelosi doesn’t share information with her husband in private.
In an interview with Breitbart, Hawley said that it strains credulity to assert that Pelosi acquired her staggering $240 million net worth through honest means.
As House speaker, Pelosi earned $223,500 annually.
She now earns $174,000 a year as a member of Congress.
“And here’s the thing, Nancy Pelosi and her husband last year, in 2024, beat every hedge fund in the nation, practically,” Hawley said.
“So, either Nancy Pelosi is a mathematical and financial analyst genius… or maybe, maybe the information that she’s privy to turns out to be pretty darn valuable.”
“And everybody knows it’s the second thing. It’s just outrageous,” he added.
Hawley’s bill comes with strict disclosure requirements, and it also bans lawmakers and their family members from trading individual stocks, so the Pelosis would be noticeably affected.
Lawmakers could still invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds.
“If you’re a member of Congress, you shouldn’t be up here day trading,” Hawley said.
“You should be focused on your job.”
“If they violate the provisions, if they trade individual stock, if they own individual stock, they have to disgorge all of the profits and pay a financial penalty on top,” Hawley explained.
“That’s the only way we’re going to get this stopped,” he said.
While the public broadly supports moves like Hawley’s, Congress has — not surprisingly — shown little sustained interest in regulating itself.
But the momentum could shift with Trump back in the White House.
The fact that one of his worst enemies is the public face of insider trading in Washington could motivate Trump to act.
Of course, Trump has much bigger priorities, and Congress still needs to make the first move.
“Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it,” Trump told TIME magazine.
“If they send that to me, I would do it.”
READ MORE – Joe Rogan Calls Out Pelosi Over Husband’s Stock Trading: ‘How Is That Legal?’
