For Paul Pelosi, the husband of House Speaker Nancy Pelosi, the last week has been somewhat of a whirlwind as he made headlines for investing anywhere between 1 million and 5 million dollars. The investments all went into NVIDIA, a company that specializes in semiconductors. At the same time, Congress is debating on passing legislation that would grant $52 billion of taxpayer subsidies to companies making…semiconductors.
It didn’t take long for people to question Paul Pelosi on such a big investment when Congress was also looking to make a big decision. With Paul looking to make a great deal of money if the legislation was passed, one reporter decided to ask House Speaker Nancy Pelosi if she gave him any information on the current status of the legislation. “Over the course of your career has your husband ever made a stock purchase or sale based on information he has received from you?”
Being blindsided by the direct question, Nancy Pelosi fired back, “No. Absolutely not.”
NEW – Pelosi says "no, absolutely not" and leaves when asked if her husband ever made stock trades based on information received from her.pic.twitter.com/ay04qa0zl5
— Disclose.tv (@disclosetv) July 21, 2022
Before any other reporter could get a question in, the House Speaker folded down the microphone and walked away. Again, the accusations being hurled around the Pelosi family have caused some turmoil in D.C. as the Democrats continue to be questioned.
While some might believe that Paul Pelosi dropping close to $5 million on stocks is a little excessive, the couple has a net worth of $100 million. Even before the question was asked to Nancy Pelosi, her spokesperson, Drew Hammill, said, “The Speaker does not own any stocks. As you can see from the required disclosures, with which the Speaker fully cooperates, these transactions are marked ‘SP’ for Spouse. The Speaker has no prior knowledge or subsequent involvement in any transactions.”
As for the legislation, Pelosi is adamant that the bill will pass, “As the Senate undergoes its legislative process, we are optimistic that the House will be able to take this bill up as early as next week.” She referred to it as a “major victory for American families and the American economy”, adding it was a “bold, bipartisan package that will lower costs for families here at home while reigniting American competitiveness on the world stage.”