{"id":1122697,"date":"2021-12-15T18:15:28","date_gmt":"2021-12-15T23:15:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122697"},"modified":"2021-12-15T18:15:30","modified_gmt":"2021-12-15T23:15:30","slug":"pelosi-on-why-congress-should-be-allowed-to-trade-stock-after-dozens-broke-law-we-should-be-able-to","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-on-why-congress-should-be-allowed-to-trade-stock-after-dozens-broke-law-we-should-be-able-to\/","title":{"rendered":"Pelosi On Why Congress Should Be Allowed To Trade Stock After Dozens Broke Law: We \u2018Should Be Able To\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpelosi-on-why-congress-should-be-allowed-to-trade-stock-after-dozens-broke-law-we-should-be-able-to%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1122697&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>House Speaker Nancy Pelosi brushed off questions on Wednesday about why Members of Congress should be allowed to trade stock when a recent report found that dozens allegedly broke insider trading laws.<\/p>\n<p>\u201cMadam Speaker, Insider just completed a five\u2011month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law,\u201d a reporter said. \u201cI\u2019m wondering if you have any reaction to that.\u201d<\/p>\n<p>\u201cAnd secondly, should Members of Congress and their spouses be banned from trading individual stocks while serving in Congress?\u201d the reporter asked.<\/p>\n<p>\u201cNo, I don\u2019t \u2013 no, to the second one. Any \u2013 we have a responsibility to report in the stock \u2013 on the stock,\u201d Pelosi responded. \u201cBut I don\u2019t \u2013 I\u2019m not familiar with that five month review, but if the people aren\u2019t reporting, they should be.\u201d<\/p>\n<p>\u201cWhy shouldn\u2019t they be banned?\u201d the reporter asked.<\/p>\n<p>\u201cBecause this is a free market and people \u2013 we are a free market economy,\u201d Pelosi responded. \u201cThey should be able to participate in that.\u201d<\/p>\n<p>Pelosi\u2019s husband, investor Paul Pelosi, <a href=\"https:\/\/www.businessinsider.com\/we-are-free-market-economy-pelosi-rejects-stock-ban-congress-2021-12\">reportedly<\/a> trades large volumes of stocks on a regular basis, according to Business Insider.<\/p>\n<p>Pelosi has a net worth of nearly $50 million, according to a separate <a href=\"https:\/\/www.businessinsider.com\/wealthiest-members-congress-house-senate-finances-2021-12#15-rep-nancy-pelosi-a-democrat-from-california-46123051-11\">report<\/a> from Business Insider:<\/p>\n<p><em>Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000.<\/em><\/p>\n<p><em>Pelosi\u2019s husband had holdings in corporations such as Slack , Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix \u2014 companies that together spend tens of millions of dollars each year lobbying the federal government.<\/em><\/p>\n<p><em>Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC.<\/em><\/p>\n<p>WATCH:<\/p>\n<p lang=\"en\" dir=\"ltr\">Listen to how quickly Pelosi said \u201cNo\u201d to the question of wether Members of Congress and their spouses should be banned from owning stock.<\/p>\n<p>Pelosi\u2019s salary is $223,500<\/p>\n<p>Her net worth is about $100 million. <\/p>\n<p>You do the math. <a href=\"https:\/\/t.co\/ZpP6vNuQYf\">pic.twitter.com\/ZpP6vNuQYf<\/a><\/p>\n<p>\u2014 Benny (@bennyjohnson) <a href=\"https:\/\/twitter.com\/bennyjohnson\/status\/1471201346716147719?ref_src=twsrc%5Etfw\">December 15, 2021<\/a><\/p>\n<p>TRANSCRIPT:<\/p>\n<p><em>REPORTER:&nbsp; Madam Speaker, Insider just completed a five\u2011month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law.&nbsp; I\u2019m wondering if you have any reaction to that.&nbsp; And secondly, should Members of Congress and their spouses be banned from trading individual stocks while serving in Congress?<\/em><\/p>\n<p><em>NANCY PELOSI, HOUSE SPEAKER: No, I don\u2019t \u2013 no, to the second one.&nbsp; Any \u2013 we have a responsibility to report in the stock \u2013 on the stock.&nbsp; But I don\u2019t \u2013 I\u2019m not familiar with that five month review, but if the people aren\u2019t reporting, they should be.<\/em><\/p>\n<p><em>REPORTER:&nbsp; Why shouldn\u2019t they be banned?<\/em><\/p>\n<p><em>PELOSI: Because this is a free market and people \u2013 we are a free market economy.&nbsp; They should be able to participate in that.<\/em><\/p>\n<p><strong>Related:<\/strong><\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Nancy Pelosi brushed off questions on Wednesday about why Members of Congress should be allowed to trade stock when a recent report found that dozens allegedly broke insider trading laws.\u201cMadam Speaker, Insider just completed a five\u2011month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law,\u201d a reporter said. \u201cI\u2019m wondering if you have any reaction to that.\u201d\u201cAnd secondly, should Members of Congress and their spouses be banned from trading individual stocks while serving in Congress?\u201d the reporter asked.\u201cNo, I don\u2019t \u2013 no, to the second one. Any \u2013 we have a responsibility to report in the stock \u2013 on the stock,\u201d Pelosi responded. \u201cBut I don\u2019t \u2013 I\u2019m not familiar with that five month review, but if the people aren\u2019t reporting, they should be.\u201d\u201cWhy shouldn\u2019t they be banned?\u201d the reporter asked.\u201cBecause this is a free market and people \u2013 we are a free market economy,\u201d Pelosi responded. \u201cThey should be able to participate in that.\u201dPelosi\u2019s husband, investor Paul Pelosi, reportedly trades large volumes of stocks on a regular basis, according to Business Insider.Pelosi has a net worth of nearly $50 million, according to a separate report from Business Insider:Pelosi, the speaker of the House, reported personal wealth spread out among property holdings, mutual funds, and stocks owned by her husband. The only assets that Pelosi reported owning or joint-owning were her home in Napa, California, and a Wells Fargo bank account containing less than $15,000.Pelosi\u2019s husband had holdings in corporations such as Slack , Tesla, Disney, Visa, Salesforce, PayPal, Alphabet, Facebook, and Netflix \u2014 companies that together spend tens of millions of dollars each year lobbying the federal government.Pelosi reported at least $20 million in liabilities that mostly involved mortgages on properties in California and Washington, DC.WATCH:Listen to how quickly Pelosi said \u201cNo\u201d to the question of wether Members of Congress and their spouses should be banned from owning stock.Pelosi\u2019s salary is $223,500Her net worth is about $100 million. You do the math. pic.twitter.com\/ZpP6vNuQYf\u2014 Benny (@bennyjohnson) December 15, 2021TRANSCRIPT:REPORTER:\u00a0 Madam Speaker, Insider just completed a five\u2011month investigation finding that 49 Members of Congress and 182 senior Congressional staffers have violated the STOCK Act, the insider trading law.\u00a0 I\u2019m wondering if you have any reaction to that.\u00a0 And secondly, should Members of Congress and their spouses be banned from trading individual stocks while serving in Congress?NANCY PELOSI, HOUSE SPEAKER: No, I don\u2019t \u2013 no, to the second one.\u00a0 Any \u2013 we have a responsibility to report in the stock \u2013 on the stock.\u00a0 But I don\u2019t \u2013 I\u2019m not familiar with that five month review, but if the people aren\u2019t reporting, they should be.REPORTER:\u00a0 Why shouldn\u2019t they be banned?PELOSI: Because this is a free market and people \u2013 we are a free market economy.\u00a0 They should be able to participate in that.Related:The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":134,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1122697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1122697"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1122697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1122697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1122697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1122697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}