Senator Josh Hawley (R-Mo.) has brought back the Pelosi Act, which aims to, as the name suggests, restrict elected officials from holding securities and investments.
Hawley stated that many people believe such restrictions are already in place. He added that when they learn it’s actually perfectly legal, they naturally ask, “Why?”—and there’s really no good answer for that.
He highlighted Nancy Pelosi as a key figure in this issue, noting her estimated net worth of around $250 million. It’s a lot, especially considering the annual salary of $175,000 that Congress members receive.
It’s important to point out that while this act doesn’t completely prohibit investments, legislators would still be able to park their money in mutual funds, ETFs, and the U.S. Treasury.
However, Gonzalez expressed skepticism about any real change, citing a concern that too many politicians are currently profiting from their positions without visible consequences. “It just seems endless,” she remarked.
She did acknowledge there are some politicians, like Hawley and Ted Cruz, who are looking for reforms, but many others seem content to keep getting richer off their positions.
