Nancy Pelosi's office responds after her husband buys stock in computer chips before vote

Authored by Edward132

After being arrested for a DUI, House Speaker Nancy Pelosi's husband once again made headlines by controversially trading stock in a computer chip company ahead of a scheduled congressional vote on the semiconductor industry.

FOX Business reports it reached out to Pelosi's office regarding her husband Paul's million-dollar purchase of stock in Nvidia, a semiconductor company known for its high-end graphics cards and processors for PCs, right as Congress is set to vote on up to $52 billion dollars worth of subsidies for the industry.

Drew Hammill, a spokesperson for Pelosi's office, reportedly responded to Fox News.

Pelosi herself has been in the spotlight for her opinion that American lawmakers should be allowed to trade stock, despite being privy to insider information.

Back in December 2021, around the time Pelosi made the comments, former Obama administration ethics watchdog Walter Shaub criticized Pelosi, telling Fox News he believed the idea was "disgusting."

Days after Pelosi made her comments, her husband Paul reportedly bought millions of dollars worth of call options in various tech stocks. Many of those trades were said to have involved companies that were affected by Paul's wife's legislative decisions.

One timely investment netted Paul $5.3 million, according to Fortune.

Rep. James Comer, R-Ky., appearing on the show "Fox and Friends," heavily criticized both Nancy Pelosi and her husband Paul.

The Senate could vote on the semiconductor industry-subsidizing bill as early as Tuesday, Reuters reports. The intent of the bill is to boost American production of the products so the U.S. won't have to rely as heavily on imports from Asia.

Paul Pelosi was arrested for drunk driving in California in May, a report which made headlines nationwide. Records showed he was charged with driving under the influence and driving with a blood alcohol content level of 0.08 or higher.

Hammill also issued statements on the matter, but simply said that Nancy Pelosi was aware and not offering any comments.