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Bill addressing U.S. lawmakers' stocks imminent in House -Speaker Pelosi

WASHINGTON (Reuters) -Proposed legislation to tighten rules on U.S. lawmakers' stock holdings and trades should come together later this month, U.S. House of Representatives...
Bill addressing U.S. lawmakers' stocks imminent in House -Speaker Pelosi © Reuters. FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) answers questions during a news conference about her recent Congressional delegation trip to the Indo-Pacific region, on Capitol Hill in Washington, August 10, 2022. REUTERS/Evelyn Hockstein
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WASHINGTON (Reuters) -Proposed legislation to tighten rules on U.S. lawmakers' stock holdings and trades should come together later this month, U.S. House of Representatives Speaker Nancy Pelosi told reporters at a news conference on Wednesday.

While Pelosi characterized the unfinished legislation as "very strong," she did not say during a weekly news conference whether congressional staff would be included under its provisions. She gave no details on what the measures will contain.

A House vote on the legislation would follow months of committees trying to put together a bill. Lawmakers will go on a long break next month in the run-up to the Nov. 8 mid-term elections.

The bill's goal is to make lawmakers' financial dealings more transparent and impose new limits in order to tamp down possible conflicts of interest.

Early on, Pelosi voiced some reluctance to go ahead with measures that could possibly ban members of Congress from buying and selling stocks and tightening controls on other financial transactions.

But later she said the House would at some point advance a bill.

In July, some stock trades executed by Pelosi's husband, Paul Pelosi, drew attention when he sold his shares of chipmaker Nvidia (NASDAQ:NVDA) Corp days before the House was expected to consider legislation providing subsidies and tax credits worth over $70 billion to boost the U.S. semiconductor industry.

Paul Pelosi sold 25,000 shares of Nvidia for about $4.1 million, suffering a loss of $341,365, according to financial reports.

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01-05-2024 10:45:17 (UTC+7)

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
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    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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