{"id":8509,"date":"2025-05-15T10:37:02","date_gmt":"2025-05-15T10:37:02","guid":{"rendered":"https:\/\/xstorynews.com\/?p=8509"},"modified":"2025-05-15T10:37:02","modified_gmt":"2025-05-15T10:37:02","slug":"pelosi-act-stock-trading-ban-for-congress-one-step-closer-to-becoming-reality","status":"publish","type":"post","link":"https:\/\/xstorynews.com\/?p=8509","title":{"rendered":"PELOSI ACT: Stock Trading Ban For Congress One Step Closer To Becoming Reality"},"content":{"rendered":"<p>Missouri Republican Rep. Mark Alford will present legislation on Wednesday that would prohibit congressional stock trading, acting as the House companion measure to Sen. Josh Hawley\u2019s, R-Mo., \u201cPELOSI Act\u201d in the Senate.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-8510\" src=\"https:\/\/xstorynews.com\/wp-content\/uploads\/2025\/05\/465063159_937312061762374_4971802148411072904_n-300x250.jpg\" alt=\"\" width=\"300\" height=\"250\" srcset=\"https:\/\/xstorynews.com\/wp-content\/uploads\/2025\/05\/465063159_937312061762374_4971802148411072904_n-300x250.jpg 300w, https:\/\/xstorynews.com\/wp-content\/uploads\/2025\/05\/465063159_937312061762374_4971802148411072904_n-1024x853.jpg 1024w, https:\/\/xstorynews.com\/wp-content\/uploads\/2025\/05\/465063159_937312061762374_4971802148411072904_n-768x640.jpg 768w, https:\/\/xstorynews.com\/wp-content\/uploads\/2025\/05\/465063159_937312061762374_4971802148411072904_n.jpg 1200w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Alford\u2019s proposed measure prohibits members and their wives from owning, buying, or selling individual stocks while in office, but it permits for investments in diversified mutual funds, exchange-traded funds, or US Treasury bonds. If enacted, existing parliamentarians would have 180 days to comply with the bill. Similarly, freshly elected MPs must comply within 180 days of taking office.<\/p>\n<p>\u201cAs public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption,\u201d Alford <a href=\"https:\/\/www.foxnews.com\/politics\/house-republicans-take-one-step-closer-banning-congressional-stock-trading\" target=\"_blank\" rel=\"noopener\">said<\/a> in a statement. \u201cUnfortunately, too many members of Congress are engaging in suspicious stock trades based on non-public information to enrich themselves.\u201d<\/p>\n<p>\u201cThese gross violations of the public trust make clear: we must finally take action to ban members and their spouses from owning or selling individual stocks,\u201d he added.<\/p>\n<div class=\"code-block code-block-2\">Advertisement<ins class=\"adsbygoogle\" data-ad-client=\"ca-pub-7063311234970495\" data-ad-slot=\"2702911965\" data-ad-format=\"auto\" data-full-width-responsive=\"true\" data-adsbygoogle-status=\"done\" data-ad-status=\"unfilled\"><\/p>\n<div id=\"aswift_1_host\"><iframe loading=\"lazy\" id=\"aswift_1\" tabindex=\"0\" title=\"Advertisement\" src=\"https:\/\/googleads.g.doubleclick.net\/pagead\/ads?gdpr=0&amp;client=ca-pub-7063311234970495&amp;output=html&amp;h=280&amp;slotname=2702911965&amp;adk=1445025086&amp;adf=2098573761&amp;pi=t.ma~as.2702911965&amp;w=580&amp;abgtt=6&amp;fwrn=4&amp;fwrnh=100&amp;lmt=1747241952&amp;rafmt=1&amp;format=580x280&amp;url=https%3A%2F%2Fconservativebrief.com%2Fpelosi-act-ban-91552%2F%3Ffbclid%3DIwY2xjawKSoq9leHRuA2FlbQIxMABicmlkETE5Tnl2RVNmcXhTS2I3Y2VaAR5VPxbfSMu7MPyaPx5PljfrMtaHjimbIPXlmY9Oz0KbHdBWqpO6i6_HVUJPVQ_aem_w38P9agNKv28f-cjuI6LGQ&amp;fwr=0&amp;fwrattr=true&amp;rpe=1&amp;resp_fmts=3&amp;wgl=1&amp;dt=1747305313228&amp;bpp=1&amp;bdt=252&amp;idt=933&amp;shv=r20250513&amp;mjsv=m202505130201&amp;ptt=9&amp;saldr=aa&amp;abxe=1&amp;cookie=ID%3De1095193a5689f3d%3AT%3D1738742380%3ART%3D1747305272%3AS%3DALNI_MbOVqcGzXWSXjZ7_dPO9cYOa1_9Fg&amp;gpic=UID%3D0000102f29089c2f%3AT%3D1738742380%3ART%3D1747305272%3AS%3DALNI_MbW6b8qIDit99isjmql4boCt_2PkQ&amp;eo_id_str=ID%3Dbb711d2f2f3c0006%3AT%3D1747304056%3ART%3D1747305272%3AS%3DAA-AfjY1uhlLROgOYZ0lP7LNCxoc&amp;prev_fmts=0x0&amp;nras=1&amp;correlator=5311166014331&amp;frm=20&amp;pv=1&amp;u_tz=120&amp;u_his=1&amp;u_h=1080&amp;u_w=1920&amp;u_ah=1032&amp;u_aw=1920&amp;u_cd=24&amp;u_sd=1&amp;adx=670&amp;ady=2254&amp;biw=1920&amp;bih=919&amp;scr_x=0&amp;scr_y=0&amp;eid=31092200%2C95353387%2C95360815%2C31092430%2C95344787%2C95360959&amp;oid=2&amp;pvsid=8300490086831419&amp;tmod=1755607769&amp;uas=0&amp;nvt=1&amp;ref=https%3A%2F%2Fl.facebook.com%2F&amp;fc=1920&amp;brdim=-8%2C-8%2C-8%2C-8%2C1920%2C0%2C1936%2C1048%2C1920%2C919&amp;vis=1&amp;rsz=%7C%7CoeEbr%7C&amp;abl=CS&amp;pfx=0&amp;fu=128&amp;bc=31&amp;bz=1.01&amp;pgls=CAA.&amp;ifi=2&amp;uci=a!2&amp;btvi=1&amp;fsb=1&amp;dtd=944\" name=\"aswift_1\" width=\"580\" height=\"0\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" sandbox=\"allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation\" data-google-container-id=\"a!2\" aria-label=\"Advertisement\" data-load-complete=\"true\" data-google-query-id=\"CJbupMSjpY0DFQRLkQUdFfEp0g\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p><\/ins><\/div>\n<p>Under the proposed legislation, politicians who continue to engage in improper transactions would be obliged to turn over any earnings to the US Treasury Department. The House or Senate ethics committees may additionally impose a 10% punishment on such politicians for each improper transaction.<\/p>\n<p>In an interview with Time magazine last month, President Donald Trump advocated a ban on trading for members of Congress.<\/p>\n<p>\u201cI 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,\u201d he said of a trading ban.<\/p>\n<p>\u201cYou\u2019ll sign it?\u201d the reporter pressed.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cAbsolutely,\u201d Trump responded.<\/p>\n<p>House Minority Leader Hakeem Jeffries, D-N.Y., is among the Democrats in the House of Representatives who have expressed support for a ban last week.<\/p>\n<p>California Democrat Nancy Pelosi has come under fire for years over her <a href=\"https:\/\/conservativebrief.com\/bidens-call-88254\/\" target=\"_blank\" rel=\"noopener\">controversial and well-time<\/a>d stock trades.<\/p>\n<p>Now, several of her Democratic allies are joining Republicans to introduce legislation this week banning U.S. lawmakers and members of the executive branch from owning stock while in office.<\/p>\n<p>The legislation in the Senate would prohibit those affected from owning stocks in individual companies, even through a blind trust.<\/p>\n<p>Senators, representatives, staffers on Capitol Hill, the president, the vice president, and members of the executive branch would all be subject to the law.<\/p>\n<p>\u201cIt is critical that the American people know that their elected leaders are putting the public first,\u201d Gillibrand told the Wall Street Journal in a statement, adding, \u201cnot looking for ways to line their own pockets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Missouri Republican Rep. Mark Alford will present legislation on Wednesday that would prohibit congressional stock trading, acting as the House companion measure to Sen. Josh Hawley\u2019s, R-Mo.,&#8230; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8509","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"a3_pvc":{"activated":false,"total_views":0,"today_views":0},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PELOSI ACT: Stock Trading Ban For Congress One Step Closer To Becoming Reality - X Story News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/xstorynews.com\/?p=8509\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PELOSI ACT: Stock Trading Ban For Congress One Step Closer To Becoming Reality - X Story News\" \/>\n<meta property=\"og:description\" content=\"Missouri Republican Rep. 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