Former Speaker Nancy Pelosi's net worth is approaching $250 million in a surging stock market, and pressure also is growing for the California Democrat and others in Congress to ban lawmakers from individual stock trades.
Rep. Nancy Pelosi, D-Calif., speaks at The 92nd Street Y in New York on Monday, Oct. 16, 2023. ** FILE **Former Speaker Nancy Pelosi’s net worth is approaching $250 million in a surging stock market, and pressure also is growing for the California Democrat and others in Congress to ban lawmakers from individual stock trades.
The way-better-than-average performance of some lawmakers’ stock portfolios has soared so much that “Daily Show” guest host Jon Stewart treated it with his trademark mockery on a recent show. Another eye-popping trading move came from Rep. David Trone, Maryland Democrat, who submitted a financial disclosure last week reporting buys and sells of up to nearly $97 million last year in U.S. Treasury bills.
Treasury bills are not covered under reporting requirements of the STOCK Act of 2012, which requires lawmakers to report trades within 45 days. The Pepsi trade appears to be a violation, the penalty for which is a $200 fee to the government.“Rep.
When she was speaker, Mrs. Pelosi staunchly resisted legislation that would ban lawmakers from making individual stock trades.The Nancy Pelosi Stock Tracker was created, its founders said, in part due to a “if you can’t beat them, join them” philosophy. The account shows which stocks certain lawmakers are trading so that the public can get in on the action, insider knowledge or not.
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