Paul Pelosi $1M chip company stock purchase latest in long history of 'timely' buys
House Speaker Nancy Pelosi's husband purchased between $1 million and $5 million of stock in a semiconductor company ahead of an upcoming vote on legislation containing $52 billion for chipmakers.
By Nicholas Ballasy
Updated: July 19, 2022 - 11:08pm
Paul Pelosi, House Speaker Nancy Pelosi's husband, purchased between $1 million and $5 million of stock in a semiconductor company ahead of an upcoming vote on legislation containing $52 billion for chipmakers — the latest in a long history of similar purchases.
A Data for Progress poll found that 70% of respondents support a ban on lawmakers trading individual stocks and 68% agree with extending the ban to their spouses.
Pelosi's husband made headlines when he purchased a substantial amount of tech stock last year under his wife's speakership. Pelosi made millions on "timely" bets with Big Tech stock buys in advance of an antitrust bill that was moving through the House, according to a Fortune report from July 2021.
The antitrust legislation ultimately stalled, but Pelosi tech stock buys have continued throughout this year. In March, the speaker disclosed that her husband bought Apple as well as Disney and PayPal shares.
Retail traders track Pelosi's trades to "find winners," Yahoo reported.
Pelosi was involved in controversy regarding Visa stock purchases he made in 2008 while credit card companies were reportedly lobbying his wife to stop legislation that would curb credit card swipe fees to vendors, CBS News reported at the time.
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