Pelosi Under Fire Again for Suspicious Stock Trades

In the closing days of Nancy Pelosi’s reign as House speaker and weeks before an antitrust lawsuit was filed against Google, she sold a bucket load of her Google stock.

The sales, which came through between Dec. 20 and Dec. 28, were around a month before Tuesday’s announcement that the Department of Justice filed the lawsuit, Newsweek reported Its headline calls it “odd timing.”

According to Pelosi’s disclosure formOn Dec. 20, she sold 10,000 shares her Google stock. Dec. 21 and Dec. 28

The disclosure form listed a range valuations for each stock, ranging from $500,001 to $1 million. That means Pelosi may have sold $1.5 million in stocks and possibly even $3 million.

According InvestorPlace reported that Google stock fell 3 percent Wednesday after the announcement of the lawsuit.

Nancy Pelosi and her husband’s shady trading activities have frequently faced accusations of insider trading.

One Twitter user called for more criticism after the recent sale. “wild” Another noting “Anyone else would be in jail.”

Missouri Republican senator Josh Hawley tweets “People have asked why I named my stock trade ban the PELOSI Act. Now you know,” He reintroduced the bill to prohibit members of Congress from stock-brokering.

“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” A statement From Hawley, read.

“As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again,” The statement went on.

“While Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other, hardworking Americans pay the price. The solution is clear: we must immediately and permanently ban all members of Congress from trading stocks.”

Last year, Congress supported Democratic Rep. Abigail Spanberger of Virginia and Republican Rep. Chip Roy of Texas’s proposal called the TRUST in Congress Act, according to Business Insider.

The act would require members, spouses, and dependent children of Congress to put their assets in a trust.

Nearly 50 people supported the act. The law would have required members of Congress, their spouses, as well as any dependent children, to make their assets available in a blind trust.

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