“Members of Congress should be fighting for the people they were elected to serve—not day trading at the expense of their constituents,” stated Hawley in April when he originally introduced the bill. “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.”
The PELOSI Act would prohibit members of Congress and their spouses from buying, selling, or holding individual stocks while serving in office. Instead, lawmakers would be permitted to invest in diversified mutual funds, exchange-traded funds (ETFs), or U.S. Treasury bonds.
