{"id":1978458,"date":"2023-07-20T12:49:03","date_gmt":"2023-07-20T16:49:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-will-hate-this-bipartisan-bill-introduced-to-the-floor-heres-what-it-does\/"},"modified":"2023-07-20T12:51:28","modified_gmt":"2023-07-20T16:51:28","slug":"pelosi-will-hate-this-bipartisan-bill-introduced-to-the-floor-heres-what-it-does","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-will-hate-this-bipartisan-bill-introduced-to-the-floor-heres-what-it-does\/","title":{"rendered":"Pelosi dislikes bipartisan bill on the floor &#8211; Discover its purpose."},"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\">22<\/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-will-hate-this-bipartisan-bill-introduced-to-the-floor-heres-what-it-does%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=1978458&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--><h2>Bill Introduced to Ban Congressional Stock Trading<\/h2>\n<p>Two members of \u2062Congress\u200c have \u200cintroduced legislation that\u200c would ban members of Congress from buying and selling stocks. This move comes in \u2063response to\u2063 years of conflicts of interest and controversial stock transactions by members\u200c of subcommittees. In \u2063fact, members \u200dof Congress even\u200d outperformed the\u2062 S&#038;P 500 Index in 2022.<\/p>\n<p>The bill, introduced by New York Democrat Sen. \u2063Kirsten Gillibrand and Missouri Republican Sen. Josh\u2062 Hawley, aims to prohibit \u2062members\u2063 of Congress, \u2063the president, vice president, employees of the \u2062executive \u2063branch, \u200dand Capitol Hill aides from owning stocks in individual companies, even if they are held in blind \u200dtrusts. However, they would still be allowed to \u200bown mutual \u200dfunds and\u2063 index funds.<\/p>\n<p>The bipartisan legislation has gained strong public \u2062support, as polling has shown. The Wall Street Journal reported on \u2062this development, highlighting\u2063 the \u200dneed for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/turncoat-gop-lawmaker-tells-abc-news-his-impeachment-vote-may-have-ended-his-career-ya-think\/\" title=\"Turncoat GOP Lawmaker Tells ABC News His Impeachment Vote \u201cMay Have Ended His Career\u201d \u2013 Ya Think?\">elected leaders<\/a> to prioritize\u2063 the public&#8217;s interests over\u2063 their own \u2062financial gains.<\/p>\n<p>Sen. Gillibrand\u200d emphasized \u2064the importance of\u2063 this bill, \u2063stating, &#8220;It is critical that \u2063the American people know \u200bthat their elected leaders are\u200d putting the public first, not looking for\u2063 ways to line their own pockets.&#8221;<\/p>\n<p>The bill also includes penalties\u2062 for violators, such as forfeiture of trading profits and fines of $10,000 or more.<\/p>\n<p>This is not the \u2064first time Sen. Hawley has taken action to address conflicts of\u200c interest\u200c in Congress. \u2063He previously introduced the PELOSI Act, which aimed to prevent \u200belected leaders from owning securities and investments.<\/p>\n<p>One of the most closely watched stock traders in Congress is former Speaker of the House Nancy Pelosi. Her trading activities have often coincided with legislative\u200d actions related to the stocks she trades. While Pelosi&#8217;s \u200dhusband,\u2062 Paul Pelosi, is a venture capitalist who \u200bengages in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/once-again-white-house-avoids-questions-on-gamestop-surge\/\" title=\"Once Again, White House Avoids Questions On GameStop Surge\">stock trading<\/a>, Nancy Pelosi \u2062denies any conflicts of \u200cinterest or \u200bsharing of insider information.<\/p>\n<p>Currently, \u2064members of Congress and the\u200b executive branch are \u200dallowed to buy and sell stocks and options as long as they\u200b adhere to disclosure rules and avoid trading based on private information or conflicts of interest.<\/p>\n<p>The tracking\u200c of Congressional\u2062 trading activity\u200d by \u2063platforms like UnusualWhales has shed light on conflicts \u200dof interest and \u200bthe influence of\u2064 lobbying and stock trading \u2063on politics. UnusualWhales has even \u2064partnered with Subversive Capital to create two ETFs that\u200c allow \u200binvestors to mirror \u2062the trading activities of elected representatives.<\/p>\n<p>Investors have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-will-hate-this-bipartisan-bill-introduced-to-the-floor-heres-what-it-does\/\" title=\"Pelosi dislikes bipartisan bill on the floor - Discover its purpose.\">discovered numerous unusual trades made<\/a> by members of Congress, including those related to the collapse \u2063of regional banks with government involvement.<\/p>\n<p>This\u200c bipartisan\u2063 bill marks a significant step towards addressing concerns about conflicts\u200b of \u200binterest and ensuring that \u2063elected leaders prioritize the public&#8217;s \u200dinterests.<\/p>\n<p>Source:\u2062 <a href=\"https:\/\/www.westernjournal.com\/zg-bipartisan-bill-introduced-ban-congressional-stock-trading\/\">The Western\u200d Journal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Congress members propose a bill to prohibit stock trading by Congress members due to conflicts of interest and public criticism. In 2022, Congress members outperformed the S&amp;P 500 Index. The bill aims to ban Congressional stock trading.<\/p>\n","protected":false},"author":2075,"featured_media":1978459,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1978458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978458","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\/2075"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1978458"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1978458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1978459"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1978458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1978458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1978458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}