Tag Archives: Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

This Should Have Been Done Ages Ago

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On Monday, Newsmax posted an article about a bill being introduced in the U.S. House of Representatives to ban stock trading by members of Congress.

The article reports:

House Administration Committee Chairman Bryan Steil, R-Wis., on Monday will introduce a bill banning lawmakers from buying individual stocks.

A post from the House Administration Committee on X confirmed the rollout of the “Stop Insider Trading Act,” saying “it’s time we banned lawmakers from trading stocks,” as Republicans move to answer a long-simmering public concern: that members of Congress can use privileged information to pad their portfolios.

According to The Wall Street Journal, Steil drafted the legislation with the backing of House GOP leadership and support spanning party factions, including Reps. Anna Paulina Luna, R-Fla., Chip Roy, R-Texas, and Mike Lawler, R-N.Y., as original co-sponsors.

The last time the House tried to do this, they called it the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. Now that Nancy Pelosi is not running for re-election (she was one of the most successful stock traders the market has ever seen), they may be able to pass this.

The article concludes:

The Washington Times reported last month that House Republicans planned to vote early in 2026 on a congressional stock-trading ban after reaching a compromise under which the ban would apply only to lawmakers, not the president or vice president.

“I think we’re going to deliver a really strong product in 2026,” Roy told the outlet.

Roy declined to discuss specifics but said the legislation will include “a lot of elements” of his Restore Trust in Congress Act, which is co-sponsored by Rep. Seth Magaziner, D-R.I., and 118 others.

The push comes as bipartisan frustrations over congressional trading persist.

Lawmakers in both parties have explored stricter bans in recent years, driven by voter anger over conflicts of interest and weak enforcement.

It is way past time to pass this bill.

I Have Mixed Emotions About This

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There has not yet been a successful move to stop insider trading by Congress. That might have something to do with the fact that Congress is the one passing the laws. However, someone with great entrepreneurial tendencies has come up with an idea to level the playing field. I’m really sorry I missed this when it was first reported.

On August 28, The Daily Caller reported the following:

When Treasury Secretary Scott Bessent declared that politicians’ stock returns would make “every hedge fund jealous,” he highlighted one of Washington’s worst-kept secrets: lawmakers such as Nancy Pelosi consistently beat the market using information ordinary Americans could never have access to.

Now, as Congress debates banning itself from stock trading, a new company called dub Advisors is pulling back the curtain on political stock portfolios. dub Advisors allows everyday investors to track, and copy, how politicians trade via the dub copy-trading platform, founded by 23-year-old Harvard dropout Steven Wang. The dub platform functions as marketplace for copying investment strategies built by others, including those built by dub Advisors, dub’s affiliated Registered Investment Advisor. dub Advisors is one of numerous creators that operate investment strategies on the platform, specializing in translating complex trades of public figures (such as Pelosi’s Nvidia options) into strategies that can be easily copied by the average American.

The dub platform arrives amid explosive revelations about congressional trading. Senator Josh Hawley’s “PELOSI Act,” named after former House Speaker Nancy Pelosi, seeks to ban lawmakers from trading individual stocks entirely. The bill has gained momentum after President Trump told Time magazine he would “absolutely” sign such legislation, adding, “I watched Nancy Pelosi get rich through insider information.”

These aren’t baseless accusations. Politicians are required to disclose their trades under the STOCK Act, and analysis of these filings reveals patterns that raise eyebrows. Members of Congress routinely make well-timed trades before major legislative announcements, regulatory changes, or economic briefings that move markets.

The article notes:

As inflation erodes savings and traditional retirement security crumbles—the Senior Citizens League reports Social Security benefits lost 20% of purchasing power from 2010 to 2024—Americans need every advantage available.

“A decade from now, instead of picking stocks, we’ll be picking people to invest in,” predicts Wang. Until Congress finally bans its own trading, companies like dub ensure that the insider information that made politicians successful at trading is made available to all Americans.

The establishment may not like this transparency, but in a true free market, information demands to be free – and the 1.3 million Americans who have downloaded dub agree as they copy-trade their way towards their financial goals.

This is not a advertisement for or an endorsement of a product. It is just a salute to some very smart entrepreneurs.

The Name For This Proposed Law Was Pure Brilliance

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Insider trading by Congress has been a problem for a long time. It is one of the ways that a person can enter Congress with a net worth of about $800,000 and become a multi-millionaire in a few years. There have been a few efforts to end insider trading in Congress, but oddly enough those efforts have been voted down.

On Tuesday, Townhall posted an article about the latest effort to end Congressional insider trading.

The article reports:

Sen. Josh Hawley (R-MO) is again turning up the heat on Washington corruption by reintroducing the “PELOSI Act,” a bold effort to ban members of Congress and their spouses from trading individual stocks. Named after former House Speaker Nancy Pelosi (D-CA), whose financial dealings have long raised questions, the bill directly targets the insider privilege, allowing lawmakers to profit off the markets while shaping policy.

This week, Hawley reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, which would ban members of Congress from trading or holding individual stocks. The senator argued that lawmakers should prioritize serving their constituents, not profiting from stock trading using insider information. He said that the act would help restore public trust in the government.

Hawley first introduced the act in 2023, but it stalled under President Joe Biden’s administration. With President Donald Trump back in office, the legislation is gaining traction. Trump has pledged to “absolutely” sign the bill if it reaches his desk, stating he “watched Nancy Pelosi get rich through insider information.”

The PELOSI Act would prohibit members of Congress and their spouses from buying, selling, or holding individual stocks while in office. However, they would still be allowed to invest in diversified mutual funds, ETFs, or U.S. Treasury bonds. Lawmakers would have 180 days to comply with the law, and those who fail to do so would be required to forfeit any stock profits to the U.S. Treasury and could face fines from congressional ethics committees.

The Republicans hold majorities in both the House and the Senate. There is no excuse for not getting this done.