Earlier this summer, it was widely reported that former House Speaker Nancy Pelosi has nabbed even more money from the stock market than before.
How much more than before?
Well, apparently the net worth of Pelosi is approaching (or already at) $400M. Not too shabby for a long-term career in “public service.”
Of course, to be technically correct, it is Pelosi’s husband who has made the huge trades, rather than Pelosi herself … though Pelosi likely provided a heavy helping hand in more than one trade.
Chiefly through information that she and few others would be privy towards over the course of their “public service” to the American people.
Either that, or Pelosi’s husband has just magically known when to sell off shares at just the right time … especially in the tech sector, which is frequently subjected to legislative discussion.
According to a report from The Hill, however, Pelosi is apparently attempting to rehabilitate her unsavory public image with the stock market through surprising bipartisanship.
And that bipartisanship is occurring with none other than Senator Josh Hawley, who is long known for being quite conservative.
Pelosi is set
“My bill to BAN members of Congress from day trading on the taxpayers’ dime just passed out of committee – clearing the [first] hurdle to becoming law Bring it to the Senate floor for a vote NOW,” Hawley declared on X.
That bill – the HONEST Act – is one that Pelosi is now apparently willing to get behind … especially given its name change.
As noted by The Hill, the HONEST Act was originally deemed the Preventing Elected Leaders from Owning Securities and Investments … otherwise known as the PELOSI, Act.
Now, the bill is known as the HONEST Act – standing for Halting Ownership and Non-Ethical Stock Transactions instead.
Additional information regarding the act may be reviewed here.
Naturally, Pelosi was likely not in favor of the PELOSI Act, despite her public proclamations to the contrary, but she is declaring public support for the HONEST Act … despite both bills entailing the exact same concerns.
And even though Pelosi opted to back the bill following a major name change, she still insists that the name change has nothing to do with her sudden support.
“If legislation is advanced to help restore trust in government and ensure that those in power are held to the highest ethical standards, then I am proud to support it – no matter what they decide to name it,” Pelosi preened in an official statement.
Uh huh. Right. Though at least Pelosi is publicly supporting the bill, rather than fighting the bill, for once.
Now, whether or not Pelosi actually follows the act in private as effectively as she is supporting the act in public remains to be seen.
Author: Ofelia Thornton
