On April 28, 2025, U.S. Senator Josh Hawley (R-Mo.) reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, aiming to prohibit members of Congress and their spouses from trading or holding individual stocks while in office.
🏛️ What the PELOSI Act Proposes
- Ban on Individual Stock Trading: Lawmakers and their spouses would be prohibited from buying, selling, or holding individual stocks during their tenure.
- Permitted Investments: Investments in diversified mutual funds, exchange-traded funds (ETFs), and U.S. Treasury bonds would still be allowed.
- Compliance Period: Current and newly elected members would have 180 days to divest prohibited holdings or place them in a blind trust.
- Penalties for Non-Compliance: Violators would be required to forfeit any profits to the U.S. Treasury and could face additional fines imposed by congressional ethics committees.
🔍 Context and Reactions
The PELOSI Act, named after former House Speaker Nancy Pelosi, highlights concerns over potential conflicts of interest, especially following scrutiny of stock trades made by Pelosi’s husband, Paul Pelosi.
Former President Donald Trump has expressed support for the legislation, stating he would “absolutely” sign such a bill if it reached his desk.
Public sentiment also favors such measures, with bipartisan support among voters who believe lawmakers should not engage in stock trading that could pose conflicts of interest.
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