Sen. Hawley Reintroduces PELOSI Act to BAN Congress Members From Trading Stocks

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Republican Sen. Josh Hawley just reintroduced a bill that would ban members of Congress from trading or holding individual stocks.

The bill is cleverly and hilariously titled the PELOSI — Preventing Elected Leaders from Owning Securities and Investments — Act after our dear old Nancy, whose annual returns are absolutely insane.

Check it out:

MEET THE PELOSI ACT — YES, THAT’S REALLY THE NAME

The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act just hit the Senate floor.

It bans Members of Congress (and their spouses) from trading individual stocks — unless they use a qualified blind trust.

Any profits made by ignoring it?

Straight to the Treasury. Losses?

No tax write-offs. Members get 180 days to clean house once it passes.

Annual compliance reports and GAO audits included.

Turns out even Congress finally noticed the optics were… not great.

The bill had already been introduced in 2023, but it failed to make any progress under Biden’s administration.

Hopefully this time, things will be different.

Congress should work and do what’s best for us, the American people.

Not their stock portfolios.

Sen. Hawley’s website has more information on the bill:

Today, U.S. Senator Josh Hawley (R-Mo.) reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, which would ban members of Congress from trading or holding individual stocks. The move comes after President Trump announced he would sign such a bill into law if it crossed his desk.

“Members of Congress should be fighting for the people they were elected to serve—not day trading at the expense of their constituents,” stated Senator Hawley. “Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body.”

Fox News added:

Sen. Josh Hawley, R-Mo., is reintroducing legislation Monday that would ban members of Congress and their spouses from trading stocks while in office.

Hawley introduced the “PELOSI Act” in 2023, but failed to make progress under President Joe Biden’s administration. The proposal has since gained popularity among lawmakers on both sides of the aisle, and President Donald Trump himself said last week that he would “absolutely” sign such a ban if it came to his desk.

“Members of Congress should be fighting for the people they were elected to serve—not day trading at the expense of their constituents,” Hawley told Fox News Digital in a statement.

“Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body,” he added.

Hawley’s ban would prohibit lawmakers and their spouses from holding, purchasing or selling stocks for the duration of the lawmaker’s time in office. Lawmakers would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.

If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office.

What do you think?

Would you like to see the PELOSI Act passed?

Here’s what folks on X are thinking:



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