Pelosi says she's open to stock trading ban for Congress
By Mychael Schnell - 01/20/22 04:11 PM EST
Speaker Nancy Pelosi (D-Calif.) on Thursday appeared to suggest she is open to a ban on stock trading by members of Congress, a shift from her previous stance that members and their families should be allowed to make such financial transactions.
Asked about the hotly contested issue during her weekly press conference, Pelosi said she trusts lawmakers, but would be willing to back a ban if it had the support of her caucus.
“I have great confidence in the integrity of my members. They are remarkable. So when people talk about well, somebody might do this and somebody, I trust our members,” she said.
Later in her response, however, she added that, “To give a blanket attitude of we can't do this and we can't do that because we can't be trusted, I just don't buy into that. But if members want to do that, I'm okay with that.”
Pelosi’s comments come as she faces pushback for previously objecting to a ban on stock trading in Congress, which has picked up steam on Capitol Hill and among the American public.
“We are a free-market economy. They should be able to participate in that,” she said last month.
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https://thehill.com/homenews/house/590665-pelosi-says-shes-open-to-stock-trading-ban-for-congress