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Nancy Pelosi’s office responds to husband’s controversial computer chip stock purchase ahead of Congress vote
Nancy Pelosi's spokesman says the speaker has no prior knowledge of husband Paul's transactions
By Hillary Vaughn , Danielle Wallace FOXBusiness
Nancy Pelosi's office responded to her husband's controversial computer chip stock trades ahead of Congress' vote on the semiconductor industry.
FOX Business reached out to House Speaker Nancy Pelosi's office for comment about her husband’s recent stock trades, particularly inquiring about Paul Pelosi's million-dollar purchase of stock in a semiconductor company as Congress is slated to vote on a $52 billion dollar subsidy to the industry as part of a bill to increase U.S. manufacturing of computer chips to make the country less reliant and more competitive with China.
"The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions," Nancy Pelosi’s spokesman, Drew Hammill, said in a statement to FOX Business.
Regarding proposals to ban trading by members of Congress, Hammill said, "there are at least three proposals introduced in the House in this regard and the Speaker has asked the Committee on House Administration to review these proposals," adding that FOX Business "should check with the committee on their latest."
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https://www.foxbusiness.com/politics/nancy-pelosis-office-responds-husbands-controversial-computer-chip-stock-purchase-ahead-congress-vote