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House Speaker Nancy Pelosi has made public a series of stock transactions her husband made in January.
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According to the disclosure, Paul Pelosi’s new investments include $2.9 million in shares of Apple, Walt Disney, PayPal and Amex.
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A House panel will debate a Congressional ban on stock trading, which could involve spouses of lawmakers.
Nancy Pelosi made public her husband’s investments in January, including $2.9 million in American Express, Apple, PayPal and Walt Disney stock.
According to a periodic transaction report from Monday, Pelosi’s husband has invested between $250,000 and $500,000 in asset manager AllianceBernstein. Under the STOCK Act, lawmakers must disclose stock transactions — whether their own or family members — within 45 days.
The disclosure comes amid calls from lawmakers to ban members of Congress and their spouses from trading individual stocks. On Thursday, Insider’s Kimberly Leonard reported that a US House panel plans to meet on March 16 to debate a congressional ban on stock trading.
Punchbowl News reported in February that Pelosi was working on the ban. Although she rejected the idea of a ban in December, she changed course the following month, indicating she would let lawmakers decide for themselves.
However, Pelosi has been largely non-committal about whether spouses should be included in a proposed ban.
The upcoming House panel meeting follows the release of the Insider report “Conflicted Congress” – a five-month investigation that found dozens of lawmakers and at least 182 senior congressional officials had failed to comply with the STOCK Act’s reporting requirements.
Pelosi’s husband, financier Paul Pelosi, has been hailed as a star stock picker for his winning trades, even inciting TikTokers to mimic his investments. His holdings in companies — including Slack, Tesla, Alphabet, Facebook and Netflix — have placed his wife 13th on Insider’s list of 25 richest congressmen.
Read the original article on Business Insider
