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Senator Hawley introduces "Pelosi Act" banning lawmakers from trading stocks

JGalt

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
 

Moonglow

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It needs to include the executive and judicial branches also.
 

Moonglow

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And still, no ideas to fight inflation from the new House.
 

fncceo

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One of my favorite quotes from the most quotable author of all times, P.J. O'Rourke is ...

"When buying and selling is legislated, the first thing to be bought and sold is legislators".

-- P.J. O'Rourke, Parliament of Whores

O'Rourke recognized that the the source of corruption in our government isn't wicked businessmen, or even wicked Congressmen. The source is a systemic system that demands businesses obtain permission from government to ply their trade and who can use that same system to hobble their competition.

A system that we, the voters, both approve of and reinforce every time we send a representative to Congress.
 

ThisIsMe

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
I’d agree to this. I think all elected politicians should be subjected to yearly audits, and any increase in net worth, or any increase in their bank accounts, above their normal salary, needs to be heavily scrutinized.
 

ThisIsMe

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It needs to include the executive and judicial branches also.
I’d agree with that. Anyone who has potential access to insider information, or the ability to affect the economy and the stock market, needs to be looked at.

There’s a reason why most politicians, living in one of the most expensive cities in the country, and having a second home back in their home state, on $174,000 per year salary, still manage to accumulate significant wealth while in office. Maybe not all of them, but if it happens, it needs to be looked at.
 

EvilEyeFleegle

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
DOA on arrival in the Senate. Assuming the House lets it out of committee.
 

easyt65

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
The omly readon he is doing this is because Democrats like Pelosi ignore existng Insider Trading laws that already aply to them.
 

EvilEyeFleegle

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The omly readon he is doing this is because Democrats like Pelosi ignore existng Insider Trading laws that already aply to them.
LOL! As if Republicans don't do this as well..all the time~
 

XponentialChaos

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Sounds good in theory but wouldn’t work in practice.

If they have inside information, they would just inform trusted friends and family. And I’m sure they already do that.
 
OP
JGalt

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evenflow1969

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
Lol, Pelosi her self submitted bills in the past doing the same thing. Guess how far they got. Guess how far this one gets. Play acting for the masses he knows it will go no where. That all being said I hope it passes but won't hold my breath.
 

The Duke

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A brilliant idea by Sen. Josh Hawley (R-Mo.) Even more brilliant is naming his bill the "Pelosi Act." :laughing0301:

Now let's see who votes against it.

"Sen. Josh Hawley (R-Mo.) has introduced a bill that would ban members of Congress from trading and owning stocks, using the name of his legislation to take a jab at Rep. Nancy Pelosi (D-Calif.).

Hawley on Tuesday introduced the Pelosi Act — or the Preventing Elected Leaders from Owning Securities and Investments Act — renewing a legislative push to curtail stock trading by lawmakers that has failed over the last few years.

“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted in announcing his bill.

The GOP senator previously introduced legislation last year seeking to ban lawmakers and their spouses from holding stocks or making new transactions while in office.

The Hill has reached out to Pelosi’s office for comment.

Hawley, like a number of other Republicans, has focused on the former Speaker and her family in pushing to ban stock trading by members of Congress.

Last year Pelosi’s husband, Paul Pelosi, sold millions of dollars worth of shares of a computer chipmaker as the House prepared to vote on a bill focused on domestic chip manufacturing. A spokesman for Pelosi said at the time that he sold the shares at a loss..."

Hawley introduces Pelosi Act banning lawmakers from trading stocks
How this will go:


Congress is never going to vote against their own pockets.
 
OP
JGalt

JGalt

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How this will go:


Congress is never going to vote against their own pockets.

Even if the bill doesn't make it through Congress, the GOP can still use it for a "poison pill" later on, by tacking it on to a Democrat-sponsored bill.
 

fncceo

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Anyone who has potential access to insider information

By virtue of being a legislator, one becomes the ultimate insider.

A legislator can pass laws that stifle on company and promote another in the same business. Legislators, by controlling what businesses can, and cannot do in the market create their own inside information.
 

The Duke

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Lol, Pelosi her self submitted bills in the past doing the same thing. Guess how far they got. Guess how far this one gets. Play acting for the masses he knows it will go no where. That all being said I hope it passes but won't hold my breath.
It's DOA already! Oh! VH!
 

Rigby5

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And still, no ideas to fight inflation from the new House.

High prices from the illegal economic sanctions against Russia, is NOT "inflation".
Inflation is where prices rise due to prosperity increasing demand, not from a shortage causing a price increase.
 

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