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A brand new invoice to stop members of the US Congress from buying and selling and proudly owning shares has been launched – and is entitled the Pelosi Act.
Senator Josh Hawley launched the Stopping Elected Leaders from Proudly owning Securities and Investments Act in an effort to as soon as once more cease lawmakers from buying and selling in shares.
“Members of Congress and their spouses shouldn’t be utilizing their place to get wealthy on the inventory market,” Hawley tweeted in saying his invoice.
Final yr former speaker, Nancy Pelosi’s husband, Paul Pelosi, bought tens of millions of {dollars} value of shares of a pc chipmaker – simply because the Home ready to vote on a invoice targeted on home chip manufacturing.
A spokesperson for Pelosi stated he had bought the shares at a loss.
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