House Speaker Nancy Pelosi, D-Calif., said her husband, Paul Pelosi, never made stock purchases based on information she gave him.
Fox News Digital asked the speaker if her husband had ever made stock purchases or trades after hearing about the financial goings-on of Capitol Hill.
“No,” Pelosi said. “Absolutely not.”
The denial came after Pelosi made headlines when her husband made a controversial purchase of computer chip stock ahead of a congressional vote.
Pelosi’s office responded to her husband’s controversial computer chip stock trades ahead of Congress’ vote on the semiconductor industry.
FOX Business reached out to House Speaker Nancy Pelosi’s office for comment about her husband’s recent stock trades, particularly inquiring about Paul Pelosi’s million-dollar purchase of stock in a semiconductor company as Congress is slated to vote on a $52 billion subsidy to the industry as part of a bill to increase U.S. manufacturing of computer chips to make the country less reliant and more competitive with China.
“The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions,” Nancy Pelosi’s spokesman, Drew Hammill, said in a statement to FOX Business.
Regarding proposals to ban trading by members of Congress, Hammill said, “There are at least three proposals introduced in the House in this regard and the Speaker has asked the Committee on House Administration to review these proposals,” adding that FOX Business “should check with the committee on their latest.”
“The Speaker believes that sunlight is the best disinfectant. The Speaker has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members’ unacceptable noncompliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties,” Hammill said.
“To be clear, insider trading is already a…
Continue reading at FOXBUSINESS.com