Hawley Reignites 'pelosi Act' Push To Ban Lawmakers From Trading Stocks

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

Hawley introduced nan "PELOSI Act" successful 2023, but grounded to make advancement nether President Joe Biden's administration. The connection has since gained fame among lawmakers connected some sides of nan aisle, and President Donald Trump himself said past week that he would "absolutely" motion specified a prohibition if it came to his desk.

"Members of Congress should beryllium fighting for nan group they were elected to serve—not time trading astatine nan disbursal of their constituents," Hawley told Fox News Digital successful a statement.

"Americans person seen leader aft leader move a profit utilizing accusation not disposable to nan wide public. It’s clip we prohibition each members of Congress from trading and holding stocks and reconstruct Americans’ spot successful our nation’s legislative body," he added.

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Sen. Josh Hawley is renewing his push to prohibition lawmakers from trading stocks while successful office. (screencap from Forbes footage)

Hawley's prohibition would prohibit lawmakers and their spouses from holding, purchasing aliases trading stocks for nan long of nan lawmaker's clip successful office. Lawmakers would beryllium allowed to put successful diversified communal funds, exchange-traded funds, aliases U.S. Treasury bonds while successful office.

If passed, existent lawmakers would person 180 days to comply pinch nan legislation. Likewise, recently elected lawmakers must execute compliance wrong 180 days of entering office.

Hawley named his measure aft erstwhile Speaker Nancy Pelosi, who has enjoyed awesome gains successful nan banal marketplace while serving successful Congress. (Screenshot/HBO)

Lawmakers who proceed to make wrongful transactions nether nan rule would beryllium required to manus complete immoderate profits they made to nan U.S. Treasury Department. The House aliases Senate morals committees could besides enforce a good connected specified lawmakers amounting to 10% of each wrongful transaction.

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Trump himself endorsed banning trading for members of Congress successful an question and reply pinch Time Magazine connected Friday.

President Donald Trump says he would motion authorities banning members of Congress from trading stocks while successful office. (AP/Alex Brandon)

"I watched Nancy Pelosi get rich | done insider information, and I would beryllium okay pinch it. If they nonstop that to me, I would do it," he said of a trading ban.

"You'll motion it?" the newsman pressed.

"Absolutely," Trump responded.

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Democrats successful nan House of Representatives person besides expressed support for a ban, pinch House Minority Leader Hakeem Jeffries throwing his weight down nan connection past week.

Read nan afloat matter of nan PELOSI Act below.