Hawley Reintroduces PELOSI Act to Ban Congressional Stock Trading as Trump Signals Support

Senator Josh Hawley (R-MO) reignited the battle against corruption in Washington on Friday by reintroducing the PELOSI Act legislation that would ban members of Congress and their spouses from trading individual stocks. President Donald Trump wasted no time signaling his support, saying he would "absolutely" sign the bill into law if it reaches his desk.

The PELOSI Act named to highlight former Speaker Nancy Pelosi’s suspicious history of her husband’s lucrative stock deals stands for “Preventing Elected Leaders from Owning Securities and Investments.” Hawley’s goal is simple: stop politicians from enriching themselves off inside information unavailable to ordinary Americans.

Hawley emphasized:

• Members of Congress must "fight for the people they were elected to serve not day trade at the expense of their constituents."

• The bill would still permit investments in mutual funds, ETFs, and Treasury bonds, but ban ownership of individual stocks.

• Lawmakers would have a six-month window to comply, or face financial penalties and forfeit profits to the federal treasury.

The legislation also mandates the Government Accountability Office to audit congressional compliance within two years and report findings to ethics committees a critical step to ensure accountability.

Trump’s endorsement was crystal clear when he told reporters, “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.” His words echoed the frustration millions of Americans feel toward the political class who seem to get richer while their constituents struggle.

The evidence for reform is overwhelming:

• A 2022 New York Times investigation revealed that at least 97 members of Congress engaged in stock trades potentially linked to their committee work.

• Polls consistently show over 80% of Americans, across party lines, support banning congressional stock trading.

• Public trust in Congress remains abysmal, hovering below 20%, driven in part by perceptions of rampant corruption.

Previous efforts to tackle this issue stalled under both Democrat and Republican leadership, despite near-universal public support. But with Trump’s powerful endorsement and Hawley’s persistent leadership, the momentum to finally drain this part of the swamp is stronger than ever.

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