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IPFS News Link • Congress-Congressmen

Sen Josh Hawley Introduces the PELOSI Act -

• By Douglas Andrews

No more adding 100's of pages of things they want passed, that have nothing to do with the bill (title) being passed.

An infuriating congressional practice now meets a gloriously named bill.

It took 'em long enough.

Yesterday, Senator Josh Hawley introduced a long-overdue bill that would ban members of Congress from trading and owning stocks. To this we say: It's about time. But if the best part of the bill is what it does, the second-best part is surely its name: the Preventing Elected Leaders from Owning Securities and Investments Act.

Yes, it's called the PELOSI Act.

"Members of Congress and their spouses," Hawley trumpeted "shouldn't be using their position to get rich on the stock market — today l'm introducing legislation to BAN stock trading and ownership by members of Congress. I call it the PELOSI Act."

Good on Senator Hawley, and doubly good for the brilliant acronym. But bad on the other 534 members of Congress for having not beaten him to it. (Hawley, the Missouri Republican, had introduced legislation last year that sought to ban lawmakers and their spouses from holding stocks or making new transactions while in office, to no avail.)

Twelve years ago, investigative journalist Peter Schweizer published a book titled Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison. The title says it all.

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