The Stock-Trade Ban That Has Democrats Squirming
Congress takes action against insider trading. New bill has more teeth than current ‘honor code’ legislation.
by Kevin Mooney
August 10, 2025, 10:04 PM
Corruption is rampant in Washington, and Sens. Josh Hawley (R-MO) and Gary Peters (D-MI) want to do something about it. They introduced legislation that would prohibit members of Congress, the president, and the vice president from trading stock.
The bill, which cleared the congressional committee of jurisdiction on Wednesday, has a real shot at passing. It initially drew skepticism from President Donald Trump, but after some tweaks that made it clear the initiative wasn’t targeting him, Hawley says Trump is fully onboard.
The bill has scrambled partisan lines, with Hawley and Trump joining many Democrats in support while some Republicans line up against it. But if Democrats think this is a slam dunk against the finance-class GOP, they’re in for a rude awakening.
It’s the Democrats who appear to be the real profiteers now. Just ask their last Speaker of the House.
While most Americans spent last week enjoying summer’s dog days, Nancy Pelosi spent it defending herself against insider trading allegations (again). Specifically, that her husband, Paul Pelosi, keeps coming out “lucky” when it comes to his stocks.
Last year, Paul and Nancy raked in anywhere from $7.8 million to $42.5 million, most of it thanks to his investments. The Pelosis, who are worth as much as $413 million, saw their stock portfolio in 2024 outperform every hedge fund in America.
more
https://spectator.org/the-stock-trade-ban-that-has-democrats-squirming/
