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   Nancy Pelosi's office said the House speaker had no prior knowledge of or   
   involvement with any stock transactions after a financial disclosure   
   report showed that her husband, Paul Pelosi, had purchased up to $5   
   million in stocks for a top semiconductor company days before the Senate   
   is poised to vote on a bill that would benefit the U.S. chip manufacturing   
   industry.   
      
   The California Democrat's team also noted that the disclosures indicate   
   the transactions are earmarked for spouse.   
      
   "The Speaker does not own any stocks. As you can see from the required   
   disclosures, with which the Speaker fully cooperates, these transactions   
   are marked 'SP' for Spouse. The Speaker has no prior knowledge or   
   subsequent involvement in any transactions," Nancy Pelosi's spokesman,   
   Drew Hammill, told the Washington Examiner.   
      
   Paul Pelosi, an avid stock trader, was shown to have spent between $1   
   million and $5 million to purchase 20,000 shares of the semiconductor   
   company Nvidia in late June, around the same time when he sold portions of   
   his stocks in Apple and Visa. The disclosure raised questions about   
   whether Paul Pelosi had knowledge of the pending legislation.   
      
   The purchase brought on criticism, including from Rep. Elise Stefanik (R-   
   NY), who told Fox News the move "stinks to high heaven" as people in the   
   United States are suffering from inflation "and as the American people are   
   suffering, as they're looking at their investments continuing to plummet,   
   the fact that the Pelosis are profiting," the congresswoman added.   
      
   Hammill added that Nancy Pelosi has asked the House Administration   
   Committee to review proposals on stock trading reforms for Congress,   
   referring to them on the issue.   
      
   "The Speaker believes that sunlight is the best disinfectant. The Speaker   
   has asked Committee on House Administration Chair Zoe Lofgren to examine   
   the issue of Members’ unacceptable noncompliance with the reporting   
   requirements in the STOCK Act, including the possibility of stiffening   
   penalties," Hammill said.   
      
   Among the proposals the committee has heard is one that would restrict   
   trades and ownership of certain financial interests for members of   
   Congress, their spouses, and minor children.   
      
   The bill that the Senate is considering is a scaled-down version of the   
   U.S. Innovation and Competition Act, which passed the upper chamber in   
   June 2021 with bipartisan support. The House passed its own version of the   
   legislation, called the America COMPETES Act, this February.   
      
   The Senate is expected to vote on the new legislation in the coming days,   
   which would provide $52 billion for U.S. semiconductor manufacturing. It   
   will also have to pass the House before it heads to President Joe Biden's   
   desk for his signature.   
      
   https://www.washingtonexaminer.com/politics/nancy-pelosi-office-responds-   
   husband-computer-chip-stock-purchase   
      
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