U.S. Senator Josh Hawley | Official U.S. Senate headshot
U.S. Senator Josh Hawley | Official U.S. Senate headshot
The Senate Homeland Security and Governmental Affairs Committee has voted to move forward with the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. The legislation, sponsored by U.S. Senator Josh Hawley (R-Mo.), aims to prohibit 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.”
If enacted, the PELOSI Act would prevent lawmakers and their spouses from buying, selling, or holding individual stocks while serving in office. However, they would still be able to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds during their tenure.
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