The long history of eyebrow-raising stock purchases by House Speaker Nancy Pelosi
- Speaker Pelosi's husband is drawing renewed scrutiny following Paul Pelosi's latest transaction
- The speaker's latest financial disclosure form showed that her husband exercised call options on at least $1 million-$5 million of stock in Google parent company Alphabet
- Several different stock ban bills had already been proposed in the House. The House Democratic leadership's version was rolled out about one week after Paul Pelosi exercised the call options
Paul and Nancy Pelosi
- Paul Pelosi has purchased a great deal of tech stock during his wife's current term as speaker
- In July, it was revealed that Paul Pelosi purchased between $1 million-$5 million of stock in the semiconductor company Nvidia ahead of an upcoming vote on legislation containing $52 billion for chipmakers
- Pelosi continued to make technology stock buys throughout her tenure as speaker
Former President Obama signed the STOCK Act, which sought to prevent insider trading among legislators
- However, it did not ban members of Congress or their spouses from buying individual stocks
- Instead, lawmakers were required to file financial disclosure reports that show the purchases they or their spouse made
- Pelosi's office said she had "no prior knowledge" of her husband's semiconductor stock purchase
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