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Nancy Pelosi’s Office Responds To Husband Buying Stock Ahead Of CHIPS Act Vote

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Earlier this year, Paul Pelosi was arrested for drunk driving, allegedly. Not much information was released about the husband of House Speaker Nancy Pelosi. But thankfully, he is doing much better now as he just bought 20,000 shares in a technology company. Although the price tag was around $5 million, Paul is set to make a significant amount of money if Congress passes the CHIPS for America Act.  

The company that caught the eyes of Paul Pelosi was Nvidia. It is a company based out of California that makes semiconductors. Now, Congress is currently debating the CHIPS for America Act worth $52 billion. If passed, the act would increase semiconductor manufacturing throughout the country. 

Although Paul Pelosi purchased stock in a company that could see its manufacturing increase, Nancy Pelosi’s Drew Hammill defended the House Speaker saying, “The Speaker believes that sunlight is the best disinfectant. The Speaker has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members’ unacceptable noncompliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties.” 

Hammill continued, stating that Pelosi is against insider trading. “To be clear, insider trading is already a serious federal criminal and civil violation and the Speaker strongly supports robust enforcement of the relevant statutes by the Department of Justice and the Securities and Exchange Commission. The Speaker led the House in passing the bipartisan Courthouse Ethics and Transparency Act, which would subject federal judges to similar disclosure requirements as those in the STOCK Act. President Biden signed this bill into law in May.”

While Pelosi might be against insider trading, voting on the CHIPS act is believed to start on Tuesday. And for those who don’t know, the United States represents around 12% of the manufacturing of semiconductors. As for demand, America is around 25%. 

And still defending Nancy Pelosi, Hammill insisted, “The Speaker believes that sunlight is the best disinfectant. The Speaker has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members’ unacceptable noncompliance with the reporting requirements in the STOCK Act, including the possibility of stiffening penalties.”

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USA online
USA online
21 days ago

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Last edited 21 days ago by USA online
Staber
Staber
21 days ago
Reply to  USA online

Why don’t you peddle your stuff elsewhere? This is NOT the forum for your advertisements.

Jjb
Jjb
21 days ago
Reply to  USA online

Why do you feel it’s okay to SPAM?

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KristaGarza
21 days ago
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Last edited 21 days ago by KristaGarza
B A Potgieter
B A Potgieter
21 days ago

This clearly a Fedral offence to arrest Paul Pelosi and his wife, Nacy as complicit in this crime. GOP, where are you to start the Criminal proceedings which shall quickly destroy the Democrat Opposition. WAKE UP.!!

Antogeny
Antogeny
21 days ago

The Piglosi crime family strikes again.

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Sara
21 days ago

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Timothy Dayton
Timothy Dayton
20 days ago

Queen Nancy very purposely made sure the new rule the House passed regarding stock trading DID not include trades made by the member’s family, specifically SPOUSES. So, Nancy wants us to believe that she and hubby don’t talk, ever, about how the vote will go. Do you believe her? SCUM,CORRUPT SCUM!