’Honest Act’ Advances; White House Singles Out Pelosi in Push to Bar Lawmaker Stock Trades
Main Idea
The 'Honest Act' advances in the Senate, aiming to prohibit stock trading by lawmakers and their spouses, with the White House highlighting Speaker Nancy Pelosi's financial growth as a key example.
Key Points
1. The 'Honest Act' seeks to ban stock trading by lawmakers and their spouses, with President Donald Trump supporting the measure.
2. The White House singled out Speaker Nancy Pelosi, noting her net worth grew to approximately $413 million despite a congressional salary of $174,000.
3. Pelosi's investment portfolio reportedly increased by 70%, raising concerns about potential conflicts of interest.
4. Paul Pelosi's $1 million Nvidia stock purchase before a semiconductor subsidy vote fueled speculation about insider knowledge.
5. The bill was originally titled the PELOSI Act, directly referencing the former Speaker.
Description
Trump backs banning congressional stock trades to curb unethical financial gains. Pelosi’s wealth surge fuels scrutiny amid calls for tighter legislative ethics rules. Honest Act advances in Senate, aiming to halt stock trading by lawmakers and spouses. President Donald Trump has voiced strong support for banning members of Congress and their spouses from trading stocks. The White House emphasized this during a Thursday briefing, framing the initiative as a critical move to curb unethical financ...
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