A Republican in Congress is looking to restrict lawmakers and their spouses from trading and owning stock. Senator Josh Hawley introduced the PELOSI Act on Tuesday, a not-so-subtle dig at former House Speaker Nancy Pelosi.
"Members of Congress and their spouses shouldn’t be using their position to get rich on the stock market - today l’m introducing legislation to BAN stock trading & ownership by members of Congress. I call it the PELOSI Act," he wrote on Twitter.
Sen. Josh Hawley joined Marc Cox to talk about the proposed bill:
“The truth is, no member of Congress ought to do what Nancy Pelosi and her family have done, which is to make millions of dollars off of the stock market based on information they have as a member of Congress.”
Hawley’s bill excludes mutual funds, Treasury bonds and exchange-traded purchases.
"I'm not the most popular member of Congress with the other members, that's for sure. And most of them hate this bill…But it's also pretty hard to explain why you're against this," Hawley said.
To hear the full interview, including Hawley’s push to ban TikTok and the overclassification of documents, listen below:
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