Today, U.S. Senator Josh Hawley (R-Mo.), along with members of the Senate Homeland Security and Governmental Affairs Committee, voted to advance the Preventing Elected Leaders from Owning Securities and Investments(PELOSI) Act, which would ban members of Congress from trading or holding individual stocks.
“Americans have watched politicians earn a fortune using information not available to the general public while the average family struggles to get by. It’s just wrong,” Senator Hawley said. “Members of Congress should be focused on delivering results for their constituents, not returns on investments. It’s time to find out where members stand. It’s time we restore trust in Congress and ban all members from trading and holding stocks.”
The PELOSI Act would ban lawmakers and their spouses from purchasing, selling or holding individual 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.
For information about Senator Hawley’s new RECA law to compensate Missourians, click here.