The P.E.L.O.S.I Act: New Bill in Congress to Stop Insider Trading

An obscene number of elected officials have become obscenely wealthy while in office. It’s criminal. This bill would ban such illegal activity. Any Congressman or woman who opposed such legislation is all but declaring their guilt.

And maybe this will deter criminals from seeking public office who wish only to plunder and secure riches.

The new bill in Congress to stop insider trading: pelosi-act-119th-cong

P reventing
E lected
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Related: DOGE is Investigating Wealthy Federal Employees With High Net Worth Despite Low Pay

Nancy Pelosi makes millions off tech stocks – and scoffs at push to ban congressional trades

Introduced in Senate (01/24/2023) Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

This bill prohibits Members of Congress (or their spouses) from holding or trading certain investments (e.g., individual stocks and related financial instruments other than diversified investment funds or U.S. Treasury securities).

The prohibition does not apply to assets held in a qualified blind trust or to sales by a Member to come into compliance with the bill’s requirements. Specifically, the bill allows for sales by current Members during the 180 days following the bill’s enactment and for sales by future Members during the 180 days following the commencement of their service.

Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the Member to a civil fine. Additionally, a loss stemming from a prohibited holding or transaction may not be used as an income tax deduction.

Each Member must submit an annual certification of compliance, and the Government Accountability Office must audit Members’ compliance with the bill’s provisions.

Hawley reignites ‘PELOSI Act’ push to ban lawmakers from trading stocks Trump said he would ‘absolutely’ sign a stock trading ban if it reaches his desk

By Anders Hagstrom, Fox News,   April 28, 2025 6:17am EDT

Fox News senior White House correspondent Jacqui Heinrich gives an update on President Donald Trump’s tariff policy amid his Hyundai announcement on ‘Special Report.’

Sen. Josh Hawley, R-Mo., is reintroducing legislation Monday that would ban members of Congress and their spouses from trading stocks while in office.

Hawley introduced the “PELOSI Act” in 2023, but failed to make progress under President Joe Biden’s administration. The proposal has since gained popularity among lawmakers on both sides of the aisle, and President Donald Trump himself said last week that he would “absolutely” sign such a ban if it came to his desk.

“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 Digital 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,” he added.

Hawley’s ban would prohibit lawmakers and their spouses from holding, purchasing or selling stocks for the duration of the lawmaker’s time in office. Lawmakers would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.

If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office.

Lawmakers who continue to make wrongful transactions under the law would be required to hand over any profits they made to the U.S. Treasury Department. The House or Senate ethics committees could also impose a fine on such lawmakers amounting to 10% of each wrongful transaction.

Trump himself endorsed banning trading for members of Congress in an interview with Time Magazine on Friday.

“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,” he said of a trading ban.

“You’ll sign it?” the reporter pressed.

“Absolutely,” Trump responded.

Democrats in the House of Representatives have also expressed support for a ban, with House Minority Leader Hakeem Jeffries throwing his weight behind the proposal last week.

Read the full text of the PELOSI Act below.