Posted on 07/30/2025 4:20:47 PM PDT by RandFan
GOP senators sparred with fellow Republican Josh Hawley on Wednesday over a Hawley-authored bill that would ban trading and ownership of stocks and certain other assets by lawmakers, the president and vice president and their spouses and dependent children.
The Homeland Security and Governmental Affairs Committee approved the bill on a slim 8-7 vote after earlier adopting a Hawley substitute amendment that extended the prohibitions beyond just members of Congress, reaching into the Oval Office.
The compromise amendment would give officials elected before the date of enactment until after their current term to divest their assets. So President Donald Trump and Vice President JD Vance would need to sell their holdings in 2029 — exempting Trump from the requirements, since this is his last term — current House members would have until 2027, and so forth.
The original bill only applied to lawmakers and was co-sponsored by Sen. Bernie Moreno, R-Ohio. The bill was titled the “PELOSI Act,” a reference to past accusations by Republicans that former Speaker Nancy Pelosi, D-Calif., benefited from inside information in stock trading.
The substitute amendment — approved 8-6 — changed the title, dropped Moreno and added Sen. Gary Peters, D-Mich., the Homeland Security panel’s ranking member, as co-sponsor.
“Let’s be honest, this is a publicity show,” Moreno said.
Pelosi issued a statement in support of the bill.
(Excerpt) Read more at rollcall.com ...
However the measure appears popular and is being embraced by Dems
They passed one of these a few years ago and then reversed it when no one was looking ,LOL
Should be retroactive to recoup their ill gotten gains; use it to pay down our debt.
Thieves! All of them!
She's a liar.
“Ron Johnson also a senior member of the committee reckons it will stop people running for office”
Stop, stop already!
You had me at banning congressional stock trading!
SHE KEEPS SAYING THOSE ARE “HER HUSBAND”S STOCKS”.
Well, why not?
She’s made her fortune.
It’s typical that she doesn’t want anyone else to do the same.
If it doesn’t apply to spouses as well as members it’s merely window dressing.
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