#Stop Trading on Congressional Knowledge act

[beardedmrbean]

Rep. Byron Donalds failed to properly disclose two years' worth of his and his wife's stock trades.

It was up to $1.6 million, including stock in companies he oversees on a House committee.

Donalds has previously spoken out in favor of banning lawmakers from trading stocks.

Republican Rep. Byron Donalds, the Florida congressman who was in the running to be former President Donald Trump's vice presidential pick, is in some hot water over his stock trades.

Donalds and his wife made over 100 trades, valued between $108,000 and $1.6 million, over the course of 2022 and 2023.

Though he disclosed those trades in annual forms filed in August 2023 and August 2024, he did not file any periodic transaction reports over those two years, which lawmakers are required to file within 45 days of trading any stock in order to ensure the public is aware of lawmakers' financial dealings in real time.

Failing to file those reports constitutes a clear violation of the Stop Trading on Congressional Knowledge (STOCK) Act, a law designed to prevent insider trading that requires regular disclosure of stock trades.

The Campaign Legal Center, a liberal-leaning ethics watchdog, filed a complaint with the Office of Congressional Ethics on Thursday calling for a probe into whether Donalds' failure to disclose the trades "was an attempt to avoid public scrutiny of potential conflicts of interest."

A spokesperson for Donalds did not immediately respond to a request for comment.

According to the congressman's disclosures, the stocks were held in a retirement account associated with Donalds' former employer, Moran Wealth Management, a firm based in Naples, Florida. It's possible that the trades were made by someone other than Donalds, as is sometimes the case with other lawmakers, though he is still legally responsible for disclosing those trades.

Donalds also supports banning lawmakers from trading stocks, making his violation of the law all the more notable.

In March 2022, when asked about Business Insider's reporting that dozens of lawmakers and staffers had failed to disclose their stock trades in a timely fashion, Donalds said, "That's when you have to have sanctions, and the House has to get real."

Campaign Legal argued that because Donalds appeared to be aware of the STOCK Act's requirements — as many lawmakers often are not — there's reason to believe he intentionally did not disclose the trades.

The group pointed to the fact that Donalds, a member of the House Financial Service Committee, traded stock in companies that the committee oversees, including Elevance Health and JPMorgan Chase.

In 2022, after the Office of Congressional Ethics found that there was "reason to believe" three lawmakers violated the STOCK Act, the House Ethics Committee let them off the hook, ruling that the trio appeared to be unaware of the requirements of the law.

[theyoungturks]

These members of Congress were caught flouting a stock trade law. John Iadarola, Jordan Uhl, and Cenk Uygur discuss on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live Read more HERE: https://www.businessinsider.com/congress-stock-act-violations-senate-house-trading-2021-9 "Insider and several other news organizations have identified 77 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act. Congress passed the law a decade ago to combat insider trading and conflicts of interest among their own members and force lawmakers to be more transparent about their personal financial dealings. A key provision of the law mandates that lawmakers publicly — and quickly — disclose any stock trade made by themselves, a spouse, or a dependent child."* *** The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks TWITTER: ☞ http://www.twitter.com/TheYoungTurks INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks TWITCH: ☞ http://www.twitch.com/tyt 👕 Merch: http://shoptyt.com ❤ Donate: http://www.tyt.com/go 🔗 Website: https://www.tyt.com 📱App: http://www.tyt.com/app 📬 Newsletters: https://www.tyt.com/newsletters/ If you want to watch more videos from TYT, consider subscribing to other channels in our network: The Watchlist https://www.youtube.com/watchlisttyt Indisputable with Dr. Rashad Richey https://www.youtube.com/indisputabletyt Unbossed with Nina Turner https://www.youtube.com/unbossedtyt The Damage Report ▶ https://www.youtube.com/thedamagereport TYT Sports ▶ https://www.youtube.com/tytsports The Conversation ▶ https://www.youtube.com/tytconversation Rebel HQ ▶ https://www.youtube.com/rebelhq TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA #TYT #TheYoungTurks #BreakingNews 221230__TA04Members_V2 by The Young Turks

[kp777]

By Brett Wilkins

Common Dreams

Sept. 16, 2024

More than 40 former members of Congress said the ETHICS Act is sorely needed because it "addresses pressing issues, especially low levels of trust in Congress and the appearance of insider trading."

A bipartisan group of more than 40 former federal lawmakers on Monday urged the U.S. Senate to vote on proposed legislation that would ban sitting members of Congress from buying or selling stocks and other financial holdings.

"We, the undersigned bipartisan former public officials, many of whom served in Congress, write to urge Senate leadership to bring the amended Ending Trading and Holdings In Congressional Stocks (ETHICS) Act to a floor vote before it is set to sunset at the end of the 118th Congress," the letter's signers wrote in a letter to Senate Majority Leader Chuck Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.).

Signatories include former Sens. Tom Daschle (D-S.D.) and Chuck Hagel (R-Neb.) along with Reps. Barbara Comstock (R-Va.), Donna Edwards (D-Md.), Dick Gephardt (D-Mo.), and Leon Panetta (D-Calif.).

"Notably," the ex-lawmakers said, "we propose attaching this crucial legislation to any 'must-pass' package. This legislation merits inclusion in such a package because it addresses pressing issues, especially low levels of trust in Congress and the appearance of insider trading."

The letter continues:

As you are both aware, the discussion of how elected officials trade stocks has been intensifying both inside and outside the Congress for years. In 2022, members of Congress made more than 12,700 individual trades, with dozens of members making above-average gains. A 2022 New York Timesinvestigation reported that a fifth of all lawmakers were trading in companies directly related to their work on a congressional committee.

Critics have long decried existing legislation—including the Ethics in Government Act of 1978 and the Stop Trading Congressional Knowledge (STOCK) Act of 2012, which require annual financial disclosures by members of Congress—as largely toothless window dressing. Advocates of measures like the ETHICS Act have pushed for more stringent safeguards against self-dealing by members of Congress.

The ETHICS Act—which was introduced in July by Sens. Jeff Merkley (D-Ore.), Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), and Josh Hawley (R-Mo.)—would ban members of Congress, the president, and vice president from buying and selling securities, commodities, futures, options, trusts, and other holdings. It would also prohibit their spouses and dependent children from divesting covered assets starting in 2027. The bill contains robust enforcement mechanisms and noncompliance penalties.

Calls for a vote on the ETHICS Act mounted after last week's revelation that more than 50 U.S. lawmakers held stocks in companies related to the military-industrial complex—even as those same firms received hundreds of billions of dollars in annual business via congressional legislation.

[occupyhades]

God’s Whistleblower

The eyes of the LORD are in every place, keeping watch on the evil and the good. Proverbs 15:3 (ESV)

When a crime is not punished quickly, people feel it is safe to do wrong. Ecclesiastes 8:11 (NLT)

What are worthless and wicked people like? They are constant liars. Proverbs 6:12 (NLT) 

No one who practices deceit shall dwell in my house; no one who tells lies shall stand in my presence. Psalm 101:7 (BSB) 

With the tongue we praise our Lord and Father, and with it we curse human beings, who have been made in God’s likeness. James 3:9 (NIV) 

Wherever you go and whatever you do, you will be cursed. Deuteronomy 28:19 (NLT)

This is what the LORD says: “Cursed is the one who trusts in man, who draws strength from mere flesh and whose heart turns away from the LORD.“ Jeremiah 17:5 (NIV)  

The Righteous One knows what is going on in the homes of the wicked; he will bring disaster on them. Proverbs 21:12 (NLT)

[wuyongying]

If a bill gets enough votes, members of the U.S. House and Senate, as well as Supreme Court justices who currently trade cryptocurrencies, may have to stop HODLing while in office.

 Under the framework released Thursday, Zoe Lofgren, chair of the House Management Committee, which oversees the day-to-day running of the House, said she had a "meaningful and effective plan to combat financial conflicts of interest" in the U.S. Congress passed restrictions on lawmakers and SCOTUS Financial activities of judges and their spouses and children. The bill, if passed under the framework, would recommend a change in policy following the passage of the Congressional Knowledge Stop-Trading Act or the Stocks Act in 2012 to allow members of Congress to buy, sell and trade stocks and other investments while in office, and also require them to disclose such trade.

Congress can act to restore public confidence and trust in their public officials by restricting senior government officials—including members of Congress and the Supreme Court—and their spouses, and to ensure that those officials act in the public interest, not theirs private economic interests. Lofgren said:

 She added:

 "I will soon introduce the legislative text of the bill based on this reform framework. Many members have already concluded that reform is necessary."

 The framework suggests that lawmakers and SCOTUS judges can still hold and disclose portfolios with diversified mutual funds, exchange-traded funds, treasuries and other investments that "do not present the same potential conflicts of interest." The bill’s framework also recommends that disclosure amounts be more precise, rather than the “extremely broad” range currently used — from $50,000 to $250,000, for example — and be made available to the public.

 Under the Stocks Act, lawmakers must report the purchase, sale, or exchange of any investment over $45 within 1,000 to 30 days, but the law says the financial and legal consequences of not filing in time are minimal—sometimes as little as $200 late fee. The proposed framework recommends fines of $30 for every 1,000 days for individuals who violate disclosure rules, increases late fees to $500, and empowers the Justice Department to bring civil action if necessary. The House Press Gallery's Twitter account reported Thursday that the House of Representatives could consider the proposed legislation as early as next week.

 Senators Jon Ossoff and Mark Kelly suggested similar reforms to the STOCK Act in the Senate in August, but the bill has not moved on for more than 8 months. According to Lofgren, House Speaker Nancy Pelosi commissioned a committee review of potential financial conflicts of interest in Congress. However, previous speakers opposed efforts to ban lawmakers from owning or trading stocks, saying "they should be able to participate".

 Several House members and senators have disclosed their exposure to cryptocurrencies, including Illinois Rep. Mary Newman, Florida Rep. Michael Walz, Wyoming senator Cynthia Loomis, Texas Rep. Michael McCall, Pennsylvania Rep. Pat Toomey, Alabama Rep. Barrymore and New Jersey Rep. Jefferson Van Drew. In November 2021, Rep. Alexandria Ocasio-Cortez of New York said it was not appropriate for her to hold Bitcoin (BTC) or other digital assets because U.S. lawmakers have access to “sensitive information and upcoming policies.”

[garyrevel]

Seventy-seven members of the 117th session of Congress violated a federal conflicts-of-interest and financial disclosure law

Seventy-seven members of the 117th session of Congress violated a federal conflicts-of-interest and financial disclosure law

77 members of Congress violated the STOCK Act in the 117th session of Congress. The Stop Trading on Congressional Knowledge Act of 2012 is designed to curb insider trading and requires timely disclosure of financial trades. This term, Congress debated restricting its members from trading individual stocks, however, no bills were brought to a vote.  Seventy-seven members of the 117th session of…

[liulolo]

Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options© Photo by Brendan Smialowski/Getty Images

Speaker Nancy Pelosi reported three new stock and stock option trades made by her husband, Paul Pelosi, in June 2022.

Paul Pelosi's trades involve Apple, Visa, and NVIDIA.

Speaker of the House Nancy Pelosi's husband, Paul Pelosi, exercised millions of dollars in NVIDIA call options and sold large quantities of Apple and Visa options and shares in late June, according to a new congressional financial disclosure.

Paul Pelosi exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million, according to the disclosure, which Nancy Pelosi filed Thursday with the House of Representatives.

Paul Pelosi also sold 10,000 shares of Visa worth between $1 million and $5 million and sold 50 call options in Apple valued between $100,000 and $250,000.

The speaker's husband's trades come at a time when Congress is debating whether its members and their spouses should even be allowed to buy, sell, and hold individual stocks at all.

Pelosi herself initially pushed back against the idea.

"We are a free-market economy," Speaker Pelosi said. "They should be able to participate in that."

Pelosi ultimately acquiesced after strong criticism from members of Congress and the general public. She allowed bipartisan groups of lawmakers to draft bills and hold a public hearing.

"I've said to the House Administration Committee, review all the bills that are coming in and see which ones — where the support is in our caucus," Pelosi said. "If members want to do that, I'm okay with that."

Lawmakers are currently deliberating on several congressional stock-trade bills. No vote on any of the bills has yet been scheduled.

Insider's "Conflicted Congress" project, in addition to work from other outlets, identified 65 members of Congress — both Democrats and Republicans — who violated an insider trading and conflicts-of-interest law, the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

While Pelosi herself does not trade stocks, her husband Paul Pelosi is a frequent investor. Insider collected each of Paul Pelosi's trades that the speaker reported in 2021 and 2022. Many of his trades appear to be worth millions — an Insider analysis from 2021 found that the speaker is ranked as the 14th wealthiest member of Congress with an estimated net worth of at least $46,123,051.

[kp777]

By Edward Carver

Common Dreams

July 10, 2024

"If you want to serve in Congress, don't come here to serve your portfolio, come here to serve the people," said a Democrat leading the effort.

A small, bipartisan group of U.S. senators on Wednesday announced a proposal to ban trading of individual stocks by members of Congress and certain of their immediate family members, drawing praise from watchdog groups.

Sens. Jeff Merkley (D-Ore.), Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), and Josh Hawley (R-Mo.) brought forth the bill, which would tighten rules on holdings of individual stocks and establish what Merkley described as "huge" penalties for noncompliance—the equivalent of a member's monthly salary, or 10% of the value of the improper investment, whichever is greater.

"If you want to serve in Congress, don't come here to serve your portfolio, come here to serve the people," Merkley toldNational Public Radio.

In response to the announced deal, Citizens for Responsibility and Ethics in Washington, a watchdog group, wrote on social media: "Great news. Let's get it done!"

The American public, across the political spectrum, overwhelmingly supports banning stock trading by members of Congress, as a University of Maryland poll showed last year.

Members of Congress have access to a great deal of insider information, or at least publicly unavailable information, that they can use to trade advantageously. They significantly beat the market in 2023, according to a watchdog report.

U.S. lawmakers have hesitated to rein themselves in. Several proposals to restrict the trading have been put forth in recent years, though no bill has made it all that far. Assessing the chance of success at an effort last year, Politicosaid, "Don't hold your breath."

Congress did pass the Stop Trading on Congressional Knowledge (STOCK) Act in 2012, but that law is widely considered weak and ineffective.

Some Democrats tried to push through reforms to the STOCK Act when they controlled both houses of Congress and the presidency in 2022, but they were stymied by the top two House Democrats at the time, then-Speaker Nancy Pelosi (D-Calif.) and then-Majority Leader Steny Hoyer (D-Md.), who expressed opposition to reform of the act.

Pelosi, whose husband Paul Pelosi trades stocks, said during that congressional cycle that the U.S. was a "free-market economy" and members of Congress should be able to "participate in that."

Pelosi was one of the inspirations for what The Washington Post recently called "tongue-in-cheek financial products." The investment vehicles copy the holdings of well-known members of Congress by buying and selling the same stocks they are buying, per public disclosures. Members of Congress can make the disclosures anytime within 45 days of a trade, so the vehicles can't trade along with them in real time. Autopilot, an app, has a popular vehicle called the Pelosi Tracker, according toThe New Yorker.

Attempts at reform haven't fallen on neatly partisan lines—Rep. Matt Gaetz (R-Fl.) and Rep. Alexandria Ocasio-Cortez (D-N.Y.) teamed up last year—but have been largely pushed by Democrats.

Wednesday's announced proposal comes under the same name, the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, as a bill introduced by Merkley in April 2023. However, if it's the same bill, it appears to have been modified in negotiations with the other three senators, as media descriptions don't seem to match the text of last year's bill.

Hawley's inclusion in the group is notable—last year's bill had gathered the support of 23 senators, but no Republicans. At the time, Hawley criticized ETHICS for being too full of exemptions, and was pushing a similar bill he'd named the PELOSI Act. Ossoff also had his own effort to ban insider trading on Capitol Hill last year.

But now the senators have joined forces.

The newly announced ETHICS Act would require members of Congress, as well as their spouses and dependent children, to divest from holdings in individual stocks and place them in mutual funds. The law would apply to the U.S. president and vice president. It would also establish a publicly searchable database for all disclosures. It would go into effect in 2027, according to media reports.

The Senate Homeland Security and Governmental Affairs committee, chaired by Peters, is scheduled to mark up the bill on July 24.

[nezsharp]

Insider and several other news organizations have identified 72 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

[calimulpej]

Insider and several other news organizations have identified 72 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

Congress passed the law a decade ago to combat insider trading and conflicts of interest among their own members and force lawmakers to be more transparent about their personal financial dealings. A key provision of the law mandates that lawmakers publicly — and quickly — disclose any stock trade made by themselves, a spouse, or a dependent child.

[chauthienkhanh]

Insider and several other news organizations have identified 72 members of Congress who've recently failed to properly report their financial trades as mandated by the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

[wuyongying]

Under the framework released Thursday, Zoe Lofgren, chair of the House Management Committee, which oversees the day-to-day running of the House, said she had a "meaningful and effective plan to combat financial conflicts of interest" in the U.S. Congress passed restrictions on lawmakers and SCOTUS Financial activities of judges and their spouses and children. The bill, if passed under the framework, would recommend a change in policy following the passage of the Congressional Knowledge Stop-Trading Act or the Stocks Act in 2012 to allow members of Congress to buy, sell and trade stocks and other investments while in office, and also require them to disclose such trade.

Congress can act to restore public confidence and trust in their public officials by restricting senior government officials—including members of Congress and the Supreme Court—and their spouses, and to ensure that those officials act in the public interest, not theirs private economic interests. Lofgren said:

 She added:

 "I will soon introduce the legislative text of the bill based on this reform framework. Many members have already concluded that reform is necessary."

 The framework suggests that lawmakers and SCOTUS judges can still hold and disclose portfolios with diversified mutual funds, exchange-traded funds, treasuries and other investments that "do not present the same potential conflicts of interest." The bill’s framework also recommends that disclosure amounts be more precise, rather than the “extremely broad” range currently used — from $50,000 to $250,000, for example — and be made available to the public.

 Under the Stocks Act, lawmakers must report the purchase, sale, or exchange of any investment over $45 within 1,000 to 30 days, but the law says the financial and legal consequences of not filing in time are minimal—sometimes as little as $200 late fee. The proposed framework recommends fines of $30 for every 1,000 days for individuals who violate disclosure rules, increases late fees to $500, and empowers the Justice Department to bring civil action if necessary. The House Press Gallery's Twitter account reported Thursday that the House of Representatives could consider the proposed legislation as early as next week.

 Senators Jon Ossoff and Mark Kelly suggested similar reforms to the STOCK Act in the Senate in August, but the bill has not moved on for more than 8 months. According to Lofgren, House Speaker Nancy Pelosi commissioned a committee review of potential financial conflicts of interest in Congress. However, previous speakers opposed efforts to ban lawmakers from owning or trading stocks, saying "they should be able to participate".

 Several House members and senators have disclosed their exposure to cryptocurrencies, including Illinois Rep. Mary Newman, Florida Rep. Michael Walz, Wyoming senator Cynthia Loomis, Texas Rep. Michael McCall, Pennsylvania Rep. Pat Toomey, Alabama Rep. Barrymore and New Jersey Rep. Jefferson Van Drew. In November 2021, Rep. Alexandria Ocasio-Cortez of New York said it was not appropriate for her to hold Bitcoin (BTC) or other digital assets because U.S. lawmakers have access to “sensitive information and upcoming policies.”

[orvillemoben]

Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options

Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options© Photo by Brendan Smialowski/Getty Images

Speaker Nancy Pelosi reported three new stock and stock option trades made by her husband, Paul Pelosi, in June 2022.

Paul Pelosi's trades involve Apple, Visa, and NVIDIA.

Speaker of the House Nancy Pelosi's husband, Paul Pelosi, exercised millions of dollars in NVIDIA call options and sold large quantities of Apple and Visa options and shares in late June, according to a new congressional financial disclosure.

Paul Pelosi exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million, according to the disclosure, which Nancy Pelosi filed Thursday with the House of Representatives.

Paul Pelosi also sold 10,000 shares of Visa worth between $1 million and $5 million and sold 50 call options in Apple valued between $100,000 and $250,000.

The speaker's husband's trades come at a time when Congress is debating whether its members and their spouses should even be allowed to buy, sell, and hold individual stocks at all.

Pelosi herself initially pushed back against the idea.

"We are a free-market economy," Speaker Pelosi said. "They should be able to participate in that."

Pelosi ultimately acquiesced after strong criticism from members of Congress and the general public. She allowed bipartisan groups of lawmakers to draft bills and hold a public hearing.

"I've said to the House Administration Committee, review all the bills that are coming in and see which ones — where the support is in our caucus," Pelosi said. "If members want to do that, I'm okay with that."

Lawmakers are currently deliberating on several congressional stock-trade bills. No vote on any of the bills has yet been scheduled.

Insider's "Conflicted Congress" project, in addition to work from other outlets, identified 65 members of Congress — both Democrats and Republicans — who violated an insider trading and conflicts-of-interest law, the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

While Pelosi herself does not trade stocks, her husband Paul Pelosi is a frequent investor. Insider collected each of Paul Pelosi's trades that the speaker reported in 2021 and 2022. Many of his trades appear to be worth millions — an Insider analysis from 2021 found that the speaker is ranked as the 14th wealthiest member of Congress with an estimated net worth of at least $46,123,051.

商业内幕网报道《Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options》

链接：https://www.businessinsider.com/nancy-pelosi-stock-trades-paul-pelosi-nvidia-visa-apple-2022-7

[liulolo]

.Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options

Nancy Pelosi's husband just invested millions into NVIDIA and sold large amounts of Visa and Apple stocks and call options© Photo by Brendan Smialowski/Getty Images

Speaker Nancy Pelosi reported three new stock and stock option trades made by her husband, Paul Pelosi, in June 2022.

Paul Pelosi's trades involve Apple, Visa, and NVIDIA.

Speaker of the House Nancy Pelosi's husband, Paul Pelosi, exercised millions of dollars in NVIDIA call options and sold large quantities of Apple and Visa options and shares in late June, according to a new congressional financial disclosure.

Paul Pelosi exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million, according to the disclosure, which Nancy Pelosi filed Thursday with the House of Representatives.

Paul Pelosi also sold 10,000 shares of Visa worth between $1 million and $5 million and sold 50 call options in Apple valued between $100,000 and $250,000.

The speaker's husband's trades come at a time when Congress is debating whether its members and their spouses should even be allowed to buy, sell, and hold individual stocks at all.

Pelosi herself initially pushed back against the idea.

"We are a free-market economy," Speaker Pelosi said. "They should be able to participate in that."

Pelosi ultimately acquiesced after strong criticism from members of Congress and the general public. She allowed bipartisan groups of lawmakers to draft bills and hold a public hearing.

"I've said to the House Administration Committee, review all the bills that are coming in and see which ones — where the support is in our caucus," Pelosi said. "If members want to do that, I'm okay with that."

Lawmakers are currently deliberating on several congressional stock-trade bills. No vote on any of the bills has yet been scheduled.

Insider's "Conflicted Congress" project, in addition to work from other outlets, identified 65 members of Congress — both Democrats and Republicans — who violated an insider trading and conflicts-of-interest law, the Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act.

While Pelosi herself does not trade stocks, her husband Paul Pelosi is a frequent investor. Insider collected each of Paul Pelosi's trades that the speaker reported in 2021 and 2022. Many of his trades appear to be worth millions — an Insider analysis from 2021 found that the speaker is ranked as the 14th wealthiest member of Congress with an estimated net worth of at least $46,123,051.