Latest news with #PELOSI
Epoch Times
31-07-2025
- Business
- Epoch Times
Trump Criticizes Hawley as Congressional Stock Trading Ban Advances
After a heated hearing, the Senate's homeland security committee has advanced a bill to outlaw stock trading by members of Congress. The bill changes and renames what was originally the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. It is now known as the HONEST Act.
The Hill
30-07-2025
- Business
- The Hill
Pelosi endorses stock trading ban
Rep. Nancy Pelosi (D-Calif.), the former House Speaker, backed a Congressional stock trading ban on Wednesday after a Senate panel narrowly voted to advance the bipartisan proposal. The Honest Act, introduced by Sen. Josh Hawley (R-Mo.), was originally called the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act — a nod to the criticism Pelosi has faced for her husband's extensive trading. But, working with Democrats, Hawley dropped the contentious name and expanded the lawmaker ban to apply to future presidents and vice presidents, too. Pelosi touted the changes made to the legislation and said she 'strongly' supports it and looks forward to voting for it when it reaches the House floor. 'If legislation is advanced to help restore trust in government and ensure that those in power are held to the highest ethical standards, then I am proud to support it — no matter what they decide to name it,' Pelosi said in a statement. 'While I appreciate the creativity of my Republican colleagues in drafting legislative acronyms, I welcome any serious effort to raise ethical standards in public service,' she continued. 'The HONEST Act, as amended, rightly applies its stock trading ban not only to Members of Congress, but now to the President and Vice President as well.' Hawley's bill advanced with the support of all Democrats and no other Republicans on the committee. The step comes amid renewed efforts in Congress to pass a stock-trading ban, a proposal with broad bipartisan support from the public. Trump said in April that he would 'absolutely' sign a congressional stock trading ban if it came across his desk and, on Tuesday, said he would 'take a look' at the bill, adding, 'but conceptually, I like it.' On Wednesday, however, he struck a different tune, sharply criticizing Hawley for voting with Democrats to advance the bill. Pelosi dropped her opposition to legislation banning members of Congress from trading stocks in 2022.
Axios
29-07-2025
- Business
- Axios
Hawley's stock trading ban sparks drama with White House
Sen. Josh Hawley' s (R-Mo.) stock trading ban is turning into a GOP headache — with White House lawyers raising alarm ahead of a committee vote on Wednesday, Axios has learned. Why it matters: In order to move forward, the bill may now include the president and vice president, in addition to Congressional members, in its ban on certain investments. Hawley needs Democratic support to get the bill through the committee vote set for Wednesday due to opposition from Chair Rand Paul (R-Ky), at a minimum. So he agreed to include language that would subject the president and vice president to the ban, according to multiple sources familiar with the negotiations. The White House's Office of Legal Affairs caught wind — and started pushing back, sources tell us. Zoom in: Hawley's Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act bans members of Congress from trading or holding individual stocks. President Trump has expressed openness to supporting such a bill in the past. A similar bipartisan bill passed the committee last year, which also would have forced the president and VP to divest from certain investments. It's this language from last year's bill that is expected to replace the PELOSI Act ahead of the committee markup — though negotiations are still in flux. In response to White House pushback, Hawley also plans to make the ban effective only at the start of a member's or elected official's next term, per a source familiar with the plans. The intrigue: Paul reiterated to Axios that he is opposed to the legislation, saying it could prevent people like Trump from being president and add another hurdle for people considering running for office.
