House Speaker and California Rep. Nancy Pelosi has more at stake in the 2022 midterms than she thought.
House Minority Leader, and the man presumed to be the next Speaker if Republicans win in November, California Rep. Kevin McCarthy said that there will be an investigation into the Pelosis if the GOP is victorious in the midterms.
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His concern is the fact that Pelosi’s husband, Paul Pelosi, has had a tremendous success in picking the correct stocks to purchase and sell and recently purchased large shares of NVIDIA prior to the House and Senate passing legislation that benefited the company.
“I would look all the way through it,” he said of the Democrat proposal to ban stock trading for spouses of Congress members. “What I’ve told everybody is we will come back, and we will not only investigate this, we will come back with a proposal to change the current behavior.”
And the legislation is not going to be debated or voted on until Congress comes back from its August recess.
“Her husband can trade all the way through, but now it becomes a crisis?” he said. “I think what her husband did was wrong.”
“I think we need to bring trust back to this institution,” he said. “I think we have to do a thorough investigation and look at what is the proper role for members of Congress and what influence they have, and I don’t think the proper way to do this is Nancy Pelosi writing the bill because we have proven that she can’t do that.”
Democrats plan to introduce legislation next month that would prevent stock trades by members of Congress and their spouses, Punchbowl News reported.
“Punchbowl News: House Democrats plan to announce a proposal next month to ban lawmakers, their spouses, and senior staff from trading stocks, according to multiple sources close to the issue,” Kyle Griffin said on Twitter.