Rep. Anna Paulina Luna (R-FL) announced she had filed a discharge petition that would force a vote in the House of Representatives to ban lawmakers in Congress from stock trading.
In a video about X, Luna explained that after a “bipartisan coalition” and a conversation with Rep. Tim Burchett (R-TN), they had decided to “initiate the discharge petition on the insider trading ban.” Luna added that the leadership was welcome to introduce a bill “that would effectively” end corruption surrounding lawmakers and insider stock trading.
“After our bipartisan coalition, and after conversations this morning, we made the decision due to a lack of movement [the] House of Representatives – to initiate the discharge petition on the insider trading ban, which means it is now live,” Luna explained. “If the leadership wants to introduce a bill, it would actually do that, and put an end to corruption, that is what we are all for.”
Luna said they were “tired of bipartisanship” and pointed out that this was “the most bipartisan thing in American history.”
“It’s time for the House of Representatives to listen to the American people, so it’s live now,” Luna added.
“This place is broken, it’s a completely open sewer. Let’s at least show America that we’re trying to do something right,” Burchett said when Luna asked him if he had anything to say.
Treasury Secretary Scott Bessent has previously stated that he would push for “this ban on single stock trading,” adding that Americans “deserve better than” having lawmakers in Congress get rich from insider trading.
“I’m going to push for this ban on trading in individual stocks because it’s the credibility of the House of Representatives and the Senate that you look at some of these eye-popping returns, whether it’s Representative Pelosi or Senator Wyden, any hedge fund would be jealous of them,” Bessent said during an interview with Bloomberg Television in August. “The American people deserve better than this. People shouldn’t come to Washington to get rich, they should come to serve the American people.”
During an interview in May on The Alex Marlow Show With Alex Marlow, editor-in-chief of Breitbart News, Senator Josh Hawley (R-MO) talked about how he reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, named after Representative Nancy Pelosi (D-CA). The PELOSI Act would “prohibit members of Congress and their family members from trading or holding securities.”
Speaking about “Pelosi’s acquisition of wealth,” Hawley explained that Pelosi “and her husband defeated virtually every hedge fund in the country last year, in 2024.”
“Either Nancy Pelosi is a mathematical and financial analyst genius… or perhaps the information she is privy to turns out to be quite valuable,” Hawley added.
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