Sen. Josh Hawley (R-MO) reintroduced the anti-corruption PELOSI Act on Friday, aiming to ban members of Congress from trading individual stocks, while President Trump signaled he would sign such legislation into law.
The legislation, whose acronym PELOSI stands for “Preventing Elected Leaders from Owning Securities and Investments,” and is named after former House Speaker Nancy Pelosi, whose husband has drawn scrutiny for millions in suspected insider trading.
“Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents,” Hawley stated, according to a press release from his office.
“Americans have seen politician after politician turn a profit using information not available to the general public,” the Missouri Republican added. “It’s time we ban all members of Congress from trading and holding…
