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Sen. Hawley Reintroduces Bipartisan PELOSI Act to Ban Congressional Stock Trading

The proposed legislation, backed by both parties and President Trump, aims to restore public trust by prohibiting lawmakers and their spouses from trading individual stocks.

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Overview

  • The PELOSI Act, reintroduced by Sen. Josh Hawley, seeks to ban members of Congress and their spouses from trading individual stocks while in office.
  • The bill provides a 180-day compliance window for lawmakers to divest from individual stocks, with violations resulting in profit forfeiture and fines of up to 10% per transaction.
  • Lawmakers would still be allowed to invest in diversified mutual funds, ETFs, or U.S. Treasury bonds under the proposed rules.
  • President Trump has publicly pledged to sign the bill if it reaches his desk, citing concerns about insider trading by lawmakers.
  • The legislation follows bipartisan momentum and public support, with polls showing over 80% of Americans favoring a stock trading ban for Congress.