Pelosi commits to lawmaker stock ban vote in September amid questions over husband's trades
Stock ban bill would bar members of congress, their spouses and senior staffers from owning or trading stock
Check out what's clicking on FoxBusiness.com.
Speaker of the House Nancy Pelosi will hold a vote in September on legislation that would prevent members of Congress from trading or owning stocks while in office, a spokesperson told Fox News Digital Thursday.
The bill, which would also bar all spouses of congressional members and senior staffers from owning or trading stock, was reportedly held up in the lower chamber amid denials from Pelosi that her husband purchased stock based on insight she provided him.
The most recent text was expanded to include senior staffers in a more wide-sweeping measure than what was previous discussed by lawmakers who support the ban.
U.S. Speaker of the House Nancy Pelosi, D-CA, holds her weekly press conference at the U.S. Capitol on July 21, 2022 in Washington, DC. (Photo by Nathan Howard/Getty Images / Getty Images)
PELOSI SAYS HER HUSBAND NEVER MADE STOCK PURCHASES BASED ON INFO SHE GAVE HIM
A source familiar with the bill confirmed that Californian Democratic Rep. Zoe Lofgren, who sits as Chair of the House Administration Committee, is hoping to release the text of the stock ban proposal as soon as next week.
The framework of the bill will require members of Congress, their spouses and senior staff to either put their assets in a qualified blind trust or to completely divest in their investment portfolios.
Mutual funds would be exempt from the proposal, a source confirmed.
Nancy Pelosi, with her husband Paul Pelosi, attend a Holy Mass in St. Peter's Basilica. (Stefano Costantino/SOPA Images/LightRocket via Getty Images / Getty Images)
"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," Pelosi spokesman Drew Hammill told Fox News Digital. "The Speaker is committed to acting on a proposal in this Congress."
Pelosi found herself in hot water earlier this year after her husband Paul Pelosi – who has made millions of dollars worth of stock trades – purchased stock in a computer chip company.
Paul and Nancy Pelosi in 2019 in New York City. (Jamie McCarthy/WireImage | istock / Getty Images)
CLICK HERE TO GET THE FOX NEWS APP
Fox News Digital asked the speaker this month 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."
Fox News' Houston Keene contributed to this report.