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Josh Hawley Introduces Bill Banning Lawmakers from Stock Trading, Calling it the ‘Pelosi Act’

Josh Hawley may be best known for his fleet feet, but he’s turning into the fight this time.

The Missouri Senator has introduced a bill that would ban fellow members of Congress from trading and owning stocks.

And he’s taking a stab at the former Speaker of the House, calling the bill the “Pelosi Act.”

The bill – Preventing Elected Leaders from Owning Securities and Investments Act – is a renewed push in the effort to curtail stock trading by lawmakers.

It’s a long-fought effort in Congress, opposed by those who reap the benefit of their privileged positions for trading.

Supporters of the push suggest that Congressional leaders can make laws and policies that are favorable to their stock interests – and that it allows unacceptable levels of corruption.

Pelosi has famously made serious money off the stock market, including health-related stocks, as the pandemic gained ground in 2020.

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