Reported 1 day ago
The 'Pelosi Act', recently advanced by a U.S. Senate committee, aims to prohibit federal lawmakers, including presidents and vice presidents, from trading individual stocks to address potential conflicts of interest. Despite bipartisan support led by Republican Sen. Josh Hawley and backing from Nancy Pelosi, the bill has faced criticism for being overly strict, especially since the existing STOCK Act already regulates insider trading. Concerns about the risks posed by insider trading on average American investors' retirement accounts persist.
Source: YAHOO