Sen. Josh
Hawley (R-MO) took steps to curb the market influence of legislators with his
newly introduced PELOSI Act, which would outright ban members of Congress and
their families from holding or trading stocks.
This follows
allegations last year that Nancy Pelosi's husband used insider information to
acquire up to $5 million in stock before Senate subsidies heavily inflated its
value.
It was also
revealed this month that a number of lawmakers have reaped windfalls as savvy
investors - netting hundreds of millions between Reps Austin Scott (GA), Brian
Mast(FL), French Hill (AR), and John Curtis'UTC). The proposed law could put an
end to those looking for secrets beyond Capitol Hill’s walls for financial
gain...
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