Senator Josh Hawley has caused a storm in the swamp ever since his ascendancy to public prominence, and he has not let down the MAGA mission yet.
In fact, he’s arguably doubled down, especially against the longstanding corruption promoted by the likes of former House Speaker Nancy Pelosi, by far one of the wealthiest congressional representatives in recent memory.
Little wonder that she expressed vehement opposition to any type of regulation regarding public “servants” trading stocks in 2021.
“We’re a free market economy. They should be able to participate in that,” Pelosi sniffed, after delivering a resolute “no” to inquiries regarding whether or not representatives should be able to invest while “serving” the American public and clearly having access to insider knowledge.
However, Senator Hawley firmly disagrees with Ms. Pelosi, which is precisely why he’s irked her with a brand new bill inspired by her brazen corruption.
The proposed amendment, cleverly named the PELOSI Act, takes direct aim at the type of nefarious activities promoted by Pelosi and Co.
“This Act may be cited as the ‘‘Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act,’” the amendment begins humorously, before segueing into its principal point.
“Except as provided in sub- section (b), a Member of Congress, or any spouse of a member of Congress, may not, during the term of service of the Member of Congress, hold, purchase, or sell any covered financial instrument,” the amendment declared.
Awesome reference to “any spouse,” considering that Paul Pelosi cleans up in the markets when he’s not encountering bizarre hammer-related incidents.
Hawley also makes it clear that, if the act passes, that accountability measures will clearly be input to ensure that representatives are not (as usual) cheating the system.
“Not later than 2 years after the date of enactment of the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, the Comptroller General of the United States shall – (1) conduct an audit of the compliance by Members of Congress with the requirements of this title; and (2) submit to the supervising ethics committees a report describing the results of the audit con- ducted under paragraph (1),” the amendment continued.
Throughout the thoroughly detailed amendment, Hawley accounts for virtually every conceivable detail, and one can only hope that this long overdue legislation passes.
If any representative from either side opposes the bill, it’s pretty clear where their real loyalties lie … to themselves.
Which is exactly what Hawley focused on in recent remarks.
“For too long, politicians in Washington have taken advantage of the economic system they write the rules for, turning profits for themselves at the expense of the American people,” Hawley asserted.
Yup. Not exactly “public service.”
“As members of Congress, both Senators and Representatives are tasked with providing oversight of the same companies they invest in, yet they continually buy and sell stocks, outperforming the market time and again,” Hawley continued.
Imagine that! Humorously, many of these representatives would be the same ones screaming for life imprisonment for corporate inside trading, while they themselves have access to well, pretty much anything.
Politicians, in other words, have an even greater advantage in terms of insider trading.
Especially when aided and abetted by corrupt Big Tech and Big Banks.
“While Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other, hardworking Americans pay the price. The solution is clear: we must immediately and permanently ban all members of Congress from trading stocks,” Hawley asserted.
Hopefully, Hawley’s hopes may come to fruition … otherwise, the current “representatives” will continue turning the United States into a knock off version of Russia in terms of the utterly unapologetic profiteering.
Author: Ofelia Thornton