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.