Congress Faces Stock Trade Ban as PELOSI Act Resurfaces—Because Lawmakers Clearly Need Parenting
Washington’s favorite insider-trading loophole might finally get slammed shut. A US senator just dusted off the PELOSI Act—yes, named *that* Pelosi—to block Congress from playing the market with privileged intel.
The ultimate ’stop cheating’ memo
The bill forces lawmakers and spouses to either divest from individual stocks or park assets in blind trusts. No more ’miraculous’ trades timed to committee hearings.
Why now?
Public fury over politicians outperforming hedge funds—with 100% insider access—finally hit critical mass. Even crypto traders raised eyebrows at some congressional portfolio returns.
The cynical kicker
Watch lobbyists invent creative ’consulting fees’ to replace lost trading profits. Because in DC, every regulation breeds a workaround—just ask any Wall Street compliance officer.
Senator Josh Hawley reintroduces "Pelosi Act" bill to ban Congress from trading stocks. pic.twitter.com/txABvuno1W
— Watcher.Guru (@WatcherGuru) April 28, 2025
US Senator Josh Hawley Brings Back the PELOSI Act to Ban Stock Trading by Lawmakers
For the last several years, congressional stock trading has been seen as a bipartisan issue. Republican lawmakers have sought to end the practice, with House Democrats seeking to combat it as far back as 2022. However, a legislative restriction has yet to come to fruition. That may be set to change in 2025.
US Senator Josh Hawley has officially reintroduced the PELOSI Act, a bill first proposed in 2023 that would effectively ban Congress from stock trading. Indeed, Halwey is leading the charge that once again has support from both sides of the political sphere.
“Members of Congress should be fighting for the people they were elected to serve, not day trading at the expense of their constituents,” Hawley told Fox News. “Americans have seen politician after politician turn a profit using information available to the general public. It’s time to ban all members of Congress from trading and holding stocks,” he added.
The legislation is seeking to prohibit both lawmakers and their families from holding, purchasing, or selling stocks for the extent of their elected term limit. If it passes, they would have 180 days to comply with the bill.
Moreover, the law has been endorsed by US President Donald Trump. Just last week, Trump noted that he would “absolutely” sign off on the bill if it made its way to his desk. “I watched Nancy Pelosi get rich through inside information, and I would be okay with it. If they send it to me, I would do it,” he noted.
