{"id":1563173,"date":"2022-07-20T15:34:47","date_gmt":"2022-07-20T19:34:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1563173"},"modified":"2022-07-20T15:34:51","modified_gmt":"2022-07-20T19:34:51","slug":"wolf-of-washington-pelosi-is-poised-to-score-big-from-semiconductor-bill","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wolf-of-washington-pelosi-is-poised-to-score-big-from-semiconductor-bill\/","title":{"rendered":"Wolf of Washington: Pelosi Is Poised To Score Big From Semiconductor Bill"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/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%2Fwolf-of-washington-pelosi-is-poised-to-score-big-from-semiconductor-bill%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=1563173&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--><div><\/div>\n<p>A bill that\u00a0<a href=\"https:\/\/www.cnbc.com\/2022\/07\/20\/chips-act-vote-senate-advances-semiconductor-bill.html\" target=\"_blank\" rel=\"noopener\">provides<\/a> more than $50 billion in subsidies for domestic semiconductor production is set to hit the House floor roughly a month after Speaker Nancy Pelosi&#8217;s (D., Calif.) husband purchased up to $5 million in a company that could benefit from the legislation.<\/p>\n<p>Paul Pelosi on June 17 <a href=\"https:\/\/disclosures-clerk.house.gov\/public_disc\/ptr-pdfs\/2022\/20021374.pdf\" target=\"_blank\" rel=\"noopener\">exercised options<\/a> worth\u00a0between $1 million and $5 million in Nvidia, a company involved in the semiconductor industry, according to congressional filings. Nvidia&#8217;s value has increased by about 11 percent since Pelosi purchased the stock, netting him and his wife up to half a million dollars in a month. Nvidia&#8217;s stock on Tuesday\u00a0<a href=\"https:\/\/www.fool.com\/investing\/2022\/07\/19\/why-nvidia-stock-rallied-on-tuesday\/\" target=\"_blank\" rel=\"noopener\">climbed<\/a> an additional 4 percent as news broke on the subsidies bill.<\/p>\n<p>Pelosi has a <a href=\"https:\/\/justthenews.com\/government\/congress\/paul-pelosi-makes-1m-stock-trade-chip-bill-vote-majority-americans-support\" target=\"_blank\" rel=\"noopener\">long history<\/a> of making &#8220;timely&#8221; purchases in companies that his wife has worked to subsidize. Just this year, he cashed in on millions of dollars in Tesla stock as the speaker lobbied for electric vehicle subsidies, the <em>Washington Free Beacon<\/em> <a href=\"https:\/\/freebeacon.com\/democrats\/pelosis-electric-car-windfall\/\">reported<\/a>. Internet stock traders have made a recurring joke out of the Pelosis&#8217; frequent windfalls, with some suggesting the speaker is &#8220;making the big bucks off of insider information,&#8221; <em>Business Insider<\/em> <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/nancy-pelosi-stock-trades-meme-investing-litquidity-paul-pelosi-alphabet-2021-9\" target=\"_blank\" rel=\"noopener\">reported<\/a> in December.<\/p>\n<p>Nancy Pelosi, who long opposed a congressional stock-trading ban, in February reluctantly expressed support for one after bipartisan pushback. While around 70 percent of Americans <a href=\"https:\/\/www.businessinsider.com\/poll-stock-trading-ban-congress-2022-6\" target=\"_blank\" rel=\"noopener\">support<\/a>\u00a0such bans for both lawmakers and their spouses, legislation has stalled on Capitol Hill.<\/p>\n<p>Pelosi&#8217;s office responded to press inquiries by playing down her involvement in the trades.<\/p>\n<p>&#8220;The speaker does not own any stocks,&#8221; a spokesman told Fox Business. &#8220;As you can see from the required disclosures, with which the speaker fully cooperates, these transactions are marked \u2018SP&#8217; for spouse. The speaker has no prior knowledge or subsequent involvement in any transactions.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bill that\u00a0provides more than $50 billion in subsidies for domestic semiconductor production is set to hit the House floor roughly a month after Speaker Nancy Pelosi&#8217;s (D., Calif.) husband<\/p>\n","protected":false},"author":894,"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-1563173","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\/1563173","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\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1563173"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1563173\/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=1563173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1563173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1563173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}