Current Events > Nancy Pelosi opposes banning Congress members from owning individual stocks

(+) Yeah! (+)

https://www.cnbc.com/2021/12/15/house-speaker-nancy-pelosi-opposes-banning-stock-buys-by-congress-members.html

House Speaker Nancy Pelosi scoffed Wednesday at the idea of banning congressional lawmakers and their spouses from owning stock shares of individual companies, despite the possibilities for conflicts of interest between their legislative duties and personal finances. No, Pelosi, D-Calif., told reporters at a press conference where she was asked whether she would support such a prohibition. Were a free-market economy, she said. They should be able to participate in that. Pelosis dismissal of the idea of a stock-purchase ban came in response to a question about a Business Insider investigative report this week on stock ownership by lawmakers and after controversies over stock purchases by a number of senators since the beginning of the Covid-19 pandemic, The Business Insider series found that 49 members of Congress and 182 senior-level congressional staffers had violated the so-called STOCK Act, which requires the public disclosure by themselves and family members within 45 days of sales or purchases of individual stocks, bonds and commodity futures. The Stop Trading on Congressional Knowledge Act, which became law in 2012, is supposed to prevent lawmakers and staffers from engaging in trading on information they glean from their jobs, as well as conflicts of interest. The speaker said that she was not familiar with the findings of the Business Insider series. But If people arent reporting [stock trades], they should be, Pelosi added.

In October, the Federal Reserve announced a wide-ranging ban on officials of that central bank owning individual stocks and bonds. That ban came on the heels of the resignations of two Federal Reserve regional presidents, Robert Kaplan of Dallas and Eric Rosengren of Boston, after disclosures that they had traded individual securities in 2020. Their trades came as the coronavirus rocked markets, and while the Fed itself was engaging in massive purchases of assets aimed at keeping markets stable.

Pelosi sucks.

Time to investigate her for insider trading

Bitch is poison

of course she does

Nancy Pelosi (R)

Arent there quite a few stories about her and husband buying stocks/options that was criticized for being conflict of interest? Im not surprised

Why don't they just invest in government treasury bonds as government workers?

Wasnt she a part of that insiders covid bail?

That woman reeks of 'elite' class narcissism

of course

Of course. When you can make the laws you can make sure your insider trading is protected.

As someone said, it's like referees being allowed to sports bet

Pelosi is the registered Democrat version of Lucille Bluth.