Hawley: Pelosi ‘a Perfect Example of How Rich People Can Get’ From Insider Trading

Thursday on FNC’s Hannity, Sen. Josh Hawley (R-MO) declared that former House Speaker Nancy Pelosi was “the perfect example of what should not be happening in D.C., which is people getting rich” from insider Congressional information.

Discussing his PELOSI Act, intended to end members of Congress using such inside info, Hawley said, “When people sent, when a voter sent members of Congress to Washington, they expect them to do the people’s business, not to be day trading on the stock market, not to be using the information that they get from briefings to go and make a quick buck on Wall Street.

“So here’s what my bill does,” he continued. “It says no more trading of stocks by members of Congress. In fact, no more ownership of stocks by members of Congress. If you want to save, fine, put it in a mutual fund like most Americans do. But Nancy Pelosi is the perfect example of what should not be happening in D.C., which is people getting rich out in the stock market, off of information they know because they’re a member of Congress.”

Host Hannity asked, “And Pelosi, what, traded between $1 million and $5 million in stocks for semiconductors only days before Congress allocated $52 million to the industry? Am I right on that, Senator?”

“That’s the report, Sean, and there’s lots of reports like that with her, with her family and other members of Congress,” Hawley said. “I mean, this is a problem that has been going on for years, and she is just a perfect example of how rich people can get by using their information. Listen, insider trading is already illegal, and we’re talking here about members of Congress, the briefings that they get, the information that we have from he. It’s, it’s information that most Americans don’t have because, of course, that’s why they send us to Congress is to do their business, not to turn that around and to get rich off of it. That’s why I call it the PELOSI Act. We need to act right now.”