Pelosi’s Husband Buys Computer Chip Stocks Before Vote That Would Give Billions In Subsidies To Chip Companies
Paul Pelosi, the husband of Speaker of the House Nancy Pelosi, bought up to $5 million in stock options in a computer-chip company back in June.
Paul Pelosi bought anywhere between $1 to $5 million in Nvidia stock options.
House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show.
Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.
There just happens to be a vote in the Senate to boost the U.S. semiconductor industry upcoming. It could come as early as Tuesday.
This will deliver billions in subsidies for the chip-manufacturing industry.
Voting in the Senate on a bill to boost the U.S. semiconductor industry and improve competitiveness with China could begin as early as Tuesday, Senate Majority Leader Chuck Schumer has been telling lawmakers, a source familiar with the issue said on Thursday.
The source said the bill would include, at a minimum, billions of dollars in subsidies for the semiconductor industry and an investment tax credit to boost U.S. manufacturing.
After facing backlash over prior stock trades Pelosi claimed she was open to a ban on them for members of Congress – nothing has changed.
The Hill reported:
Speaker Nancy Pelosi (D-Calif.) on Thursday appeared to suggest she is open to a ban on stock trading by members of Congress, a shift from her previous stance that members and their families should be allowed to make such financial transactions.
Asked about the hotly contested issue during her weekly press conference, Pelosi said she trusts lawmakers but would be willing to back a ban if it had the support of her caucus.