“No, Absolutely Not”: Nancy Pelosi Insists Husband Had No Insider Info On Nvidia Trade
“Has your husband ever made a stock purchase or sale based on information he’s received from you?” a reporter asked House Speaker Nancy Pelosi at a news conference on Thursday.
The question follows after Speaker Pelosi’s husband, businessman Paul Pelosi, made headlines on Monday for adding US$1 million to his Nvidia holdings so close to the Senate’s scheduled vote on the the bill that aims to support the American semiconductor industry by providing billions of dollars in subsidies and tax credits.
Speaker Pelosi, not surprisingly, dismissed the query with a stern “no, absolutely not” and proceeded to walk away from the podium.
The California Democrat has long been under fire for the trades her husband has been making, becoming the subject of a portfolio tracker on Twitter.
Some of her fellow lawmakers have been pushing for a ban on buying and selling individual stocks among members of the Congress and their spouses, with a number of bills currently in both the House and the Senate, but none have gained enough traction to be signed into law.
They may be conveniently out of time as the August recess is soon approaching.
Information for this briefing was found via Twitter, Reddit, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.