Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would restrict members of Congress from holding individual stocks, bonds, and other securities during their tenure in office. The bill addresses concerns about potential conflicts of interest, where lawmakers might make legislative decisions that benefit their personal investment portfolios rather than serving the public interest.

If enacted, members of Congress would need to divest from or place restricted securities into blind trusts or other compliant arrangements. The practical effect would be to limit lawmakers' ability to profit from stock market movements while simultaneously having access to non-public information and the power to influence legislation affecting specific companies and industries. This bill is currently in the committee stage and has not yet been voted on by the full House.