We recently reported about how House Speaker Nancy Pelosi was secretly letting a bill the aimed to block lawmakers from purchase shares in the stock market die in Congress.
Now it appears that outrage has grown about the decision to let the bill die among a number of Democrats in Congress and they are calling for a change in leadership!
According to Fox, Democrat Rep. Abigail Spanberger explained that she has been working with lawmakers since 2020 to work on all of the intricacies of the STOCK Act. The STOCK Act aims to prohibit lawmakers from using inside information to profit from the stock market.
Spanberger tore into Pelosi and said, “[A]fter first signaling her opposition to these reforms, the Speaker purportedly reversed her position. However, our bipartisan reform coalition was then subjected to repeated delay tactics, hand-waving gestures and blatant instances of Lucy pulling the football.”
She then called on Pelosi’s removal and said, “This moment marks a failure of House leadership — and it’s yet another example of why I believe that the Democratic Party needs new leaders in the halls of Capitol Hill.”
What’s even crazier is that Pelosi responded to her attacks and said, “Her bill is contained in this bill. Other members had ideas, too, to improve upon the bill.”
Pelosi then said everything was still a “work in progress.” What a joke.
President Biden, House Speaker Nancy Pelosi and even a number of top Republicans have made a fortune off insider trading on the stock market. It’s hard to believe they will ever ban this wildly corrupt practice.