Senator Josh Hawley of Missouri introduced legislation on Monday aimed at banning lawmakers and their immediate families from trading individual stocks while serving in office, as reported by The Western Journal.

The bill, titled the “Preventing Elected Leaders from Owning Securities and Investments Act,” or the “PELOSI Act,” revives a 2023 effort that previously failed to pass.

Hawley spoke with Fox News:

“Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents. 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.”

Trump's Sovereign Wealth Fund: What Could It Mean For Your Money?

The bill’s acronym is a pointed reference to former House Speaker Nancy Pelosi. Pelosi’s husband, Paul Pelosi, has gained notoriety for his successful stock trades, with returns that consistently outperform the market.

Critics have accused members of Congress and their families of benefiting from insider information not available to the general public.

The website and social media outlet Unusual Whales has tracked the Pelosis’ trading history, noting the couple’s frequent market successes and favorable timing on high-profile stock purchases.

BREAKING: Nancy Pelosi bought $TEM Tempus AI calls at $15.15 on Jan 14th, 2025.

She paid just over $75,000 for these contracts.$TEM is up 16% today.

Currently $TEM is up 47% on the year.

You can only track her option positions exits in real time one place, Unusual Whales. pic.twitter.com/bByvTj8ctJ

— unusual_whales (@unusual_whales) April 23, 2025

This Could Be the Most Important Video Gun Owners Watch All Year

This is actually insane.

Nancy Pelosi’s $TEM Tempus AI $20 calls expiring 1/16/2026, are 200% in TEN DAYS!!!!! Ten days!

She has made her entire salary three times in nearly a week.

Unusual. pic.twitter.com/NqmS1Y0uLg

— unusual_whales (@unusual_whales) January 31, 2025

Their financial activities have drawn widespread attention, especially following media coverage of Pelosi’s luxury refrigerator stocked with expensive ice cream during the COVID-19 pandemic.

Remember when people were losing their jobs and couldn’t find toilet paper and Nancy Pelosi posted a video of her 30k fridge filled with multiple pints of $50 ice cream?

Drunk ole hag. pic.twitter.com/7wLsheiObV

— Samurai Apocalypse (@HeatherIsUnsane) February 12, 2025

Under the proposed PELOSI Act, members of Congress and their spouses would be prohibited from purchasing, holding, or selling individual stocks while in office.

Investments in exchange-traded funds, diversified mutual funds, and U.S. Treasury bonds would still be permitted, allowing for financial growth without the conflicts of interest associated with direct stock ownership.

If enacted, the bill would require all current and newly elected lawmakers to comply within 180 days. Those who violate the law would face a 10 percent fine on each illegal transaction and would have to forfeit any profits to the U.S. Treasury Department.

Pelosi Act 119th Cong 

President Donald Trump indicated support for the measure.

“I watched Nancy Pelosi get rich through insider information, and I would be OK with it. If they send that to me, I would do it.”

The PELOSI Act adds a layer of accountability that critics argue has been lacking in Washington.

It also delivers a notable jab at one of Congress’s most prominent figures, reinforcing calls for reforms that would limit financial conflicts of interest among elected officials.

Connect with Vetted Off-Duty Cops to Instantly Fulfill Your Security Needs

The opinions expressed by contributors and/or content partners are their own and do not necessarily reflect the views of DrewBerquist.com. Contact us for guidelines on submitting your own commentary.