According to former House Speaker Nancy Pelosi's July 30 periodic transaction report, her husband, Paul Pelosi, bought 10,000 shares of Nvidia valued between $1 million and $5 million and sold 5,000 shares of Microsoft. The move comes after Pelosi recently bought 10,000 shares of Nvidia on June 26, according to a July 2 financial disclosure. The early July report also showed the purchase of 20 Broadcom call options with a strike price of $800 and a June 2025 expiry, executed before Broadcom's recent 10-for-1 stock split, which reduced the stock's price to $170.
She and Paul have been criticised for supposedly making trades based on insider information. The former speaker has continued to reject the idea of new legislation, stating in 2021 that "we are a free-market economy." A couple of years ago, she also refuted the idea that Paul made trades based on the information she offered him. However, in 2022, she was willing to support legislation limiting Congressional trades. Last month, several bipartisan senators introduced a new bill, the ETHICS Act, which, if passed, will ban Congress from trading stocks and slap huge fines for violations. Senator Jeff Hawley said, "There is no reason why members of Congress ought to be profiting off of the information that only they get."
