Pelosi Fundraiser Retained by Palo Alto Networks
Nancy Pelosi’s husband recently invested up to $1.25 million in call options for the cybersecurity firm’s stock.
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Nancy Pelosi’s husband recently invested up to $1.25 million in call options for the cybersecurity firm’s stock.
The bill would ban members of Congress from trading in weapons companies like Lockheed Martin and Raytheon, as well as in Amazon, Pfizer and thousands more Department of Defense contractors.
A former federal ethics official warns it would authorize “fake blind trusts in every branch of government.”
Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.
At least two more Democrats and a Republican senator failed to report stock transactions last year as a ban on congressional stock trading flounders in a Senate working group.
Members of Congress would be allowed to continue trading industry funds under the two leading stock trading ban bills in Congress.
Khanna's most recent financial transaction filing shows January trades in Phillips 66, General Dynamics, and more.
A new disclosure shows Rep. Kathy Manning (D-N.C.) and her spouse made dozens of undisclosed stock trades last year.
While Congress considered infrastructure and climate legislation last year, reps kept up a stream of trades in oil and gas pipeline company stocks.
Sen. Jon Ossoff (D-GA) is planning a bill to ban stock trading by federal lawmakers and their spouses, but it faces an uphill battle this year.