Pelosi’s Husband Buys Computer Chip Stocks Before Vote That Would Give Billions In Subsidies To Chip Companies

Pelosi’s Husband Buys Computer Chip Stocks Before Vote That Would Give Billions In Subsidies To Chip Companies

 

 

Nancy Pelosi caught in another insider trading scandal as her husband Buys millions of dollars in stock of company whose business is about to receive Billions of dollars from the U.S government.

 

 

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.

 

 

Reuters reported:

 

 

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.

 

 

Nancy Pelosi and her husband has engaged in a lot of insider trading over the last couple of years. But while there have lots or criticism for members of Congress engaging in stock trading all while possessing informations that gives them an advantage, nothing has been done to stop this act.

 

 

By contrast, ordinary American citizens can face upto 7 years or more in prison for insider trading activities. This is a situation of a class being above the law while all others are forced to play by a different rule.

 

 

Nancy Pelosi should be investigated and face jail term if found guilty of making money off the American people she vowed to serve. It shouldn’t be just a slap on the wrist, but a real punishment for violating the law against insider trading.

 

 

 

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