[ June 15, 2026 ]
An obscene number of elected officials have become obscenely wealthy while in office. It’s criminal. This bill would ban such illegal activity. Any Congressman or woman who opposed such legislation is all but declaring their guilt.
And maybe this will deter criminals from seeking public office who wish only to plunder and secure riches.
The new bill in Congress to stop insider trading: pelosi-act-119th-cong
ADVERTISEMENT
P reventing
E lected
L eaders
O wning
S ecurities
I nvestments
Related: DOGE is Investigating Wealthy Federal Employees With High Net Worth Despite Low Pay
Nancy Pelosi makes millions off tech stocks – and scoffs at push to ban congressional trades
Introduced in Senate (01/24/2023)
Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act
This bill prohibits Members of Congress (or their spouses) from holding or trading certain investments (e.g., individual stocks and related financial instruments other than diversified investment funds or U.S. Treasury securities).
ADVERTISEMENTThe prohibition does not apply to assets held in a qualified blind trust or to sales by a Member to come into compliance with the bill’s requirements. Specifically, the bill allows for sales by current Members during the 180 days following the bill’s enactment and for sales by future Members during the 180 days following the commencement of their service.
Any profit made in violation of the prohibition must be disgorged to the Treasury and may subject the Member to a civil fine. Additionally, a loss stemming from a prohibited holding or transaction may not be used as an income tax deduction.
Each Member must submit an annual certification of compliance, and the Government Accountability Office must audit Members’ compliance with the bill’s provisions.
Fox News senior White House correspondent Jacqui Heinrich gives an update on President Donald Trump’s tariff policy amid his Hyundai announcement on ‘Special Report.’
Sen. Josh Hawley, R-Mo., is reintroducing legislation Monday that would ban members of Congress and their spouses from trading stocks while in office.
Hawley introduced the “PELOSI Act” in 2023, but failed to make progress under President Joe Biden’s administration. The proposal has since gained popularity among lawmakers on both sides of the aisle, and President Donald Trump himself said last week that he would “absolutely” sign such a ban if it came to his desk.
“Members of Congress should be fighting for the people they were elected to serve—not day trading at the expense of their constituents,” Hawley told Fox News Digital in a statement.
ADVERTISEMENT“Americans have seen politician after politician turn a profit using information not available to the general public. It’s time we ban all members of Congress from trading and holding stocks and restore Americans’ trust in our nation’s legislative body,” he added.
Hawley’s ban would prohibit lawmakers and their spouses from holding, purchasing or selling stocks for the duration of the lawmaker’s time in office. Lawmakers would be allowed to invest in diversified mutual funds, exchange-traded funds, or U.S. Treasury bonds while in office.
If passed, current lawmakers would have 180 days to comply with the legislation. Likewise, newly elected lawmakers must achieve compliance within 180 days of entering office.
Lawmakers who continue to make wrongful transactions under the law would be required to hand over any profits they made to the U.S. Treasury Department. The House or Senate ethics committees could also impose a fine on such lawmakers amounting to 10% of each wrongful transaction.
Trump himself endorsed banning trading for members of Congress in an interview with Time Magazine on Friday.
“I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,” he said of a trading ban.
“You’ll sign it?” the reporter pressed.
“Absolutely,” Trump responded.
Democrats in the House of Representatives have also expressed support for a ban, with House Minority Leader Hakeem Jeffries throwing his weight behind the proposal last week.
Read the full text of the PELOSI Act below.
The Truth Must be Told
Your contribution supports independent journalism
Please take a moment to consider this. Now, more than ever, people are reading Geller Report for news they won't get anywhere else. But advertising revenues have all but disappeared. Google Adsense is the online advertising monopoly and they have banned us. Social media giants like Facebook and Twitter have blocked and shadow-banned our accounts. But we won't put up a paywall. Because never has the free world needed independent journalism more.
Everyone who reads our reporting knows the Geller Report covers the news the media won't. We cannot do our ground-breaking report without your support. We must continue to report on the global jihad and the left's war on freedom. Our readers’ contributions make that possible.
Geller Report's independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our work is critical in the fight for freedom and because it is your fight, too.
Please contribute here.
or
Make a monthly commitment to support The Geller Report – choose the option that suits you best.
ADVERTISEMENT
Quick note: We cannot do this without your support. Fact. Our work is made possible by you and only you. We receive no grants, government handouts, or major funding.Tech giants are shutting us down. You know this. Twitter, LinkedIn, Google Adsense, Pinterest permanently banned us. Facebook, Google search et al have shadow-banned, suspended and deleted us from your news feeds. They are disappearing us. But we are here.
Subscribe to Geller Report newsletter here— it’s free and it’s essential NOW when informed decision making and opinion is essential to America's survival. Share our posts on your social channels and with your email contacts. Fight the great fight.
Follow Pamela Geller on Gettr. I am there. click here.
Follow Pamela Geller on Trump's social media platform, Truth Social. It's open and free.
Remember, YOU make the work possible. If you can, please contribute to Geller Report.
Join The Conversation. Leave a Comment.
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spammy or unhelpful, click the ... symbol to the right of the comment to let us know. Thank you for partnering with us to maintain fruitful conversation.
