U.S. House Speaker Nancy Pelosi's husband sold call options in chipmakers Micron Technology and Nvidia for a loss of under $1 million, according to a new transparency filing.
A 2012 law makes it illegal for lawmakers to use information from their work in Congress for their personal gain. The law requires them to disclose stock transactions by themselves or family members within 45 days.
Senior House Democrats have yet to allow a vote on legislation restricting members of Congress and other government officials from trading stocks. Such legislation has been introduced in response to allegations that some lawmakers may have taken advantage of their positions for personal gain. Pelosi initially voiced skepticism of changes to the current law, but later allowed legislation to advance toward consideration by the chamber.
In July, Paul Pelosi sold Nvidia shares days before the House approved legislation providing subsidies and tax credits worth over $70 billion to boost the U.S. semiconductor industry.by Unusual Whales, a service selling financial data, concluded that congressional lawmakers last year traded $290 million in stocks, options, cryptocurrency and other assets, and that they outperformed the market, on average.
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