Sen. Josh Hawley (R-Mo.) has reintroduced a piece of legislation that aims at stopping lawmakers from trading stock or holding individual stocks.
According to a statement from Hawley’s office, the legislation is named the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act.
The bill to ban congressional stock trading is entitled the PELOSI Act, or “Preventing Elected Leaders from Owning Securities and Investments.”
I usually don’t like cute names for pieces of legislation, but this one hit the nail on the head. Bravo.
Pass it!! pic.twitter.com/pN8nicKJRx
— Charlie Kirk (@charliekirk11) April 29, 2025
“Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents,” Hawley said in a statement. “Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body.”
The PELOSI Act would ban members of Congress and their spouses from holding, purchasing, or selling individual stocks during the lawmaker’s time as an elected official. The bill allows investments into diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds.
The legislation comes on the heels of President Donald Trump announcing he would be signing a measure into law if it makes it to his desk, as previously reported by IJR.
During an interview with Time Magazine, Trump noted the amount of money U.S. Rep. Nancy Pelosi (D-Cali.) has made during her time in Congress.
“Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,” Trump said.
If signed into law, members of Congress would have 180 days to close out any stock interests and comply, and the same 180-day period would also apply to new members of Congress.
NEW: Senator Josh Hawley is bringing back the ‘PELOSI Act’ to BAN lawmakers from trading stocks.
Pelosi:
Annual salary: $174k- $223k
Estimated Net worth: $240 millionHow?? pic.twitter.com/nhX358mJmq
— Libs of TikTok (@libsoftiktok) April 28, 2025
Noncompliance with the PELOSI Act could lead to stock profits being forfeited to the U.S. Department of the Treasury and could result in monetary penalties.
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