Nancy Pelosi under pressure For aides and lawmakers
Nancy Pelosi has asked a panel to examine increasing the punishment for members and senior aides who break a statute prohibiting.
According to Insider's "Conflicted Congress" investigation, at least 54 members of Congress and 182 of their top aides have violated the STOCK Act's disclosure rules.
Pelosi's deputy chief of staff, Drew Hammill, told Insider that the Speaker wanted the group to investigate "the prospect of stiffer punishments," and that it would apply to senior staff.
Pelosi's activities are in stark contrast to prior declarations made by members of Congress regarding their stock trading.
Pelosi told Insider after the release of Insider's "Conflicted Congress" report that members of Congress should be able to purchase and sell individual stocks.
"We live in a free-market society. They need to be permitted to take part in that "Members of Congress should declare their trades on time, according to Pelosi.
Although she does not trade stocks herself, her husband, Paul Pelosi, owns millions of dollars in stock interests that the speaker is required by law to report.
According to a verified statement filed with Congress by Nancy Pelosi, she sold 6,000 shares of Apple Inc. stock worth between $1 million and $2 million.
According to the declaration, the transaction was made in the form of 3,000-share gifts to the Paul F. Pelosi Endowed Fund at Georgetown University and Trinity College.
"My God, if I wanted to short Boeing and make some money today," she remarked.