Josh Hawley just pulled the pin and tossed the PELOSI Act back into the halls of Congress—and this time, it’s got real momentum, bipartisan support, and Trump basically waving a pen around to sign it before someone in Congress buys Nvidia on margin again.
(Source: Giphy)
In short, the PELOSI Act—that’s “Preventing Elected Leaders from Owning Securities and Investments,” and yes, the acronym is intentional, because politics is just WWE with better haircuts—would ban lawmakers and their spouses from holding or trading individual stocks while in office. No more “well-timed” options trades. No more “blind trusts” that are blind in the same way Epstein’s guards were asleep. Just mutual funds, ETFs, and bonds. You know, the boring stuff. The kind of stuff that doesn’t 10x your net worth overnight because A). You’re a psychic… or B). You sat in on classified briefings on supply chain disruptions. Pick one.
Keep in mind, this is Hawley’s second swing at the bill. It died under the Biden administration because, surprise, telling Congress they can’t trade stocks is like telling my two year old he can’t eat glue. But now, everyone’s pretending to care about ethics, and it’s a whole different aura. Even House Minority Leader Hakeem Jeffries is on board. Meanwhile, Teflon Don told Time Magazine he’d “absolutely” sign it.
(Source: Fox News)
Trump's reasoning? “I watched Nancy Pelosi get rich through insider information.” That’s not his typical accusations coming out from the woodworks, that’s reality. And he’s not wrong. The Pelosi portfolio has been outperforming hedge funds for years with the kind of hammer-time (too soon?) information that makes you wonder if Paul’s using a Bloomberg terminal or a Ouija board.
Meaning, if this thing passes (and that’s still a big if, since the people voting on it are the ones who stand to lose their trading privileges), lawmaker would have 180 days to liquidate their stonks or shove them into blind funds like the rest of us plebs (read: retirement-poor population). And if they get cute and try to execute trades anway? They forfeit any profits from those trades to the Treasury and get slapped with a 10% fine per transaction. Which sounds nice, until you realize most of these people treat financial disclosure forms like optional homework and the ethics committees that would enforce this are basically toothless HR departments for career grifters.
(Source: Times Now)
Now the only question is: Will it actually pass? Maybe. But let’s be honest, if lawmakers weren’t allowed to trade on nonpublic information, half of them wouldn’t even run for office. You think these people show up for the $174K salary and a chance to shake hands with lobbyists? No. They’re here to front-run legislation, dump pharma stocks before hearings, and buy defense contractors before wars they can see coming from a mile away.
But now, the scam is too obvious. The public is pissed. The memes are memeing. And the idea of Congress being forced to invest like your dad’s 401(k) is irresistible to voters who just want to see these people eat their own cooking for once. However, if this law goes through, something tells me that every member of Congress is going to find a loophole so fast your head will spin. Suddenly every spouse is a “consultant.” Every investment is “managed independently.” Every trade is “pre-scheduled.” And we’ll be right back where we started. The market will still be rigged, with the only difference being the lies will be better.
(Source: Giphy)
Of course, I do hope this will change the way our public servants only “serve” us to fill their pockets. But I’m not holding my breath. Maybe the bill passes, maybe it doesn't. Regardless, at least now everyone knows the gig is up… and the market really is a cesspool of manipulation. For now though, our Stocks.News premium members will continue siphoning profits from our Congressional Trade tracker which, if you’re not a part of, what are you even doing? In the end, place your bets accordingly and stay safe out there, friends. Until next time…
P.S. Oh, I’m sorry, I didn’t know you liked getting rekt. Let’s face it, retail investors get the short end of the stick all day everyday. It’s the smart money’s world, and we are just living in it–only useful when it comes to liquidity purposes in the market. Meaning, if you’re as pissed off as I was when I found out Milli Vanilli was lip syncing the whole time, then it’s time to go from investing blind, to investing smart. Luckily for you, the key is right here as a Stocks.News premium member. Click here to see exactly how our premium members are printing while others quake in the face of today’s market chaos.
Stocks.News does not hold positions in companies mentioned in the article.
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