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Missouri Sen. Josh Hawley reintroduced a bill to ban members of Congress and their spouses from owning and trading stocks, and used the name of his legislation to troll former Speaker Nancy Pelosi.
The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would give members and their spouses six months after first assuming office to divest any holdings or put them in a blind trust – mutual funds, exchange-traded funds and Treasury bonds would still be allowed.
Any members found in violation of the bill would have to ‘return their profits to American taxpayers.’
“Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market,” Hawley tweeted.
Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market – today l’m introducing legislation to BAN stock trading & ownership by members of Congress. I call it the PELOSI Act pic.twitter.com/aIXNwSnTvW
— Josh Hawley (@HawleyMO) January 24, 2023
Hawley also introduced legislation that would ban TikTok nationwide.
🚨🚨 Hawley Announces New Legislation to Ban TikTok Nationwidehttps://t.co/2ThaPvWyaR
— Senator Hawley Press Office (@SenHawleyPress) January 24, 2023
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