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Speaker Pelosi Rejects The Idea Of Congressional Stock Trading Ban, Claiming "We're A Free Market Economy"

House speaker Nancy Pelosi, who is worth $114 million and just 2 months ago was railing about how capitalism has "not served us well" and "needs improving" is all of a sudden a bold advocate for free market economics.

All it took was potentially taking away her (and her husband's) stock trading privileges. Funny how that works, isn't it?

"We are a free-market economy. They should be able to participate in that," Pelosi said of the idea of barring members of Congress from trading individual stocks while in office.

"If people aren't reporting, they should be," Pelosi responded to Insider, who asked for comment after 49 members of Congress and 182 staffers had violated the STOCK Act that prevents insider trading.


 https://www.zerohedge.com/markets/speake...ree-market

In other Congressional News

Quote:On Wednesday evening, Sen. Ron Wyden (D-OR) blocked a bill that would ban goods made using forced labor in China's Xinjiang region - after Sen. Marco Rubio (R-FL) refused to tack on an unrelated extension of the child tax credit.



What the Daily Caller uncovered, however, is that top Nike executives funneled more than $60,000 to Wyden's re-election campaign over the course of just 16 days in September. The company has donated approximately $188,000 to his campaigns since 1989, making the apparel company his top contributor.

Nike executives previously gave large sums of cash to Wyden’s campaign. In December 2015, amid another Wyden re-election campaign, Parker, the company’s CEO at the time, and 11 other Nike executives gave contributions totaling $39,000 to the Oregon Democrat. -Daily Caller

The Uyghur Forced Labor Prevention Act was passed unanimously in the House on Tuesday, while the Senate was expected to also approve before sending it to the desk of President Biden - who vowed to sign the bill once passed by both chambers, in order to "ensure global supply chains are free of forced labor."

The bill would require companies which import products from factories in the Xinjiang province to provide "clear and convincing evidence" that the products weren't tied to forced labor.