Bonny & Clyde - Pelosi & Husband Reap Rewards Of Buying Stock Ahead Of Chips Act

[G.L.R.]

Nancy Pelosi's Office Responds To Husband Buying Stock Ahead Of CHIPS Act Vote

July 19, 2022



Aren't Democrats supposed to be against Capitalism and insider trading?

Earlier this year, Paul Pelosi was arrested for allegedly drunk driving. Not much information was released about the husband of House Speaker Nancy Pelosi, other than a previous collision Paul was involved in as a teenager when he lost control of a sports car and his brother was killed... he just bought 20,000 shares in a technology company. Although the price tag was around $5 million, Paul is set to make a significant amount of money if Congress passes the CHIPS for America Act. The company that caught the eyes of Paul Pelosi was Nvidia, which is a company based out of California that makes semiconductors. Now, Congress is currently debating the CHIPS for America Act, worth $52 billion. If passed, the act would increase semiconductor manufacturing throughout the country.

Although Paul Pelosi purchased stock in a company that could see its manufacturing increase, Nancy Pelosi's Drew Hammill defended the House Speaker saying, "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 non-compliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties."

Hammill continued, stating that Pelosi is against insider trading. "To be clear, insider trading is already a serious federal crime and civil violation, and the Speaker strongly supports robust enforcement of the relevant statutes by the Department of Justice and the Securities and Exchange Commission. The Speaker led the House in passing the bipartisan Courthouse Ethics and Transparency Act, which would subject federal judges to similar disclosure requirements as those in the STOCK Act."

While Pelosi might be against insider trading, voting on the CHIPS act is believed to start on Tuesday. And for those who don't know, the United States represents around 12% of the manufacturing of semiconductors. As for demand, America is around 25%. ... The Speaker has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members' unacceptable non-compliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties."

Nancy Pelosi's Office Responds To Husband Buying Stock Ahead Of CHIPS Act Vote
https://www.redvoicemedia.com/2022/07/nancy-pelosis-office-responds-to-husband-buying-stock-ahead-of-chips-act-vote-video