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George Orwell, he/his/him
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January 27, 2021

Nancy Pelosi's Recent Stock Purchase Raises Important Ethics Issues For All Of Congress

Beware the right-wing smears, she can do no wrong



Nancy Pelosi made some stock purchases last month that are raising eyebrows — and questions — about the ethics of Congresspeople buying and selling stocks. In December, Rep. Pelosi, the Speaker of the House, purchased 25 call options of Tesla stocks, along with a few other stock purchases. Why does this matter? Because under the Biden administration's new agenda, with its focus on environmental protections and combating climate change, Pelosi could benefit financially from those political plans.

According to the disclosure, Pelosi (or her husband, Paul, who runs a venture capital firm) purchased call options at a stake price of $500. Since the calls were bought last month, shares of Tesla have risen from $640.34 to over $890.

Currently, there is proposed legislation that would ban individual stock purchases by members of Congress. "After nearly four years of the most corrupt president in American history and with U.S. senators brazenly trading stocks to profit off a raging pandemic, the Anti-Corruption and Public Integrity Act is more urgent than ever", Elizabeth Warren and other lawmakers said in a joint statement.
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