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Feb 22, 2026

Republican Unveils Stock Trading Ban Mirroring Senate’s ‘PELOSI Act’

WASHINGTON, D.C. — In a rare moment of bipartisan alignment, Representative Mark Alford (R-MO) introduced a House companion to the PELOSI Act (Preventing Elected Leaders from Owning Securities and Investments) on Wednesday.

The legislation, which mirrors Senator Josh Hawley’s (R-MO) Senate bill, seeks to permanently bar members of Congress and their spouses from holding or trading individual stocks while in office.

The Cost of "Day Trading" on the Hill

The bill’s introduction comes as new data from Capitol Trades and Unusual Whales highlights the massive scale of congressional financial activity.

In 2025 alone, 140 members of Congress executed a staggering 14,451 trades, with a total volume exceeding $720 million.

Perhaps more concerning to the public is the performance of these portfolios.

Despite a volatile market, 29 members of Congress—nearly 10% of those with disclosed portfolios—outperformed the S&P 500's 16.8% return in 2025.

"As public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption," Rep. Alford stated. "These gross violations of the public trust make clear: we must finally take action."

Key Provisions of the PELOSI Act

The legislation is designed to force lawmakers to choose between public service and private profit. Its core mandates include:

  • Permitted Investments: Lawmakers may still invest in diversified mutual funds, ETFs, and U.S. Treasury bonds.

  • Strict Penalties: Violators must forfeit all stock profits to the U.S. Treasury and face additional fines from the House and Senate Ethics Committees.

A Rare Bipartisan Coalition

Pelosi cedes some power to House Dems angry over elections | The Seattle  Times

While named after former Speaker Nancy Pelosi—whose husband’s well-timed trades in tech stocks like Nvidia and Alphabet have frequently drawn scrutiny—the bill has garnered support from both ends of the political spectrum.

President Donald Trump recently told Time Magazine he would "absolutely" sign the legislation, while House Minority Leader Hakeem Jeffries (D-NY) and progressive Rep. Ro Khanna (D-CA) have expressed support for ending the practice.

Recent polling shows that 86% of Americans favor a total ban, including 88% of Democrats and 87% of Republicans.

2025 Congressional Trading Snapshot

Metric2025 DataActive Traders140 MembersTotal Trade Volume$720.42 MillionTotal Trades

Executed14,451Members Beating S&P 50029Public Support for Ban86%

As the 2026 midterms approach, the "PELOSI Act" is being positioned as a litmus test for government accountability.

With Speaker Mike Johnson and Minority Leader Jeffries both open to reform, the only remaining question is whether the bill can survive the procedural hurdles of the Senate.

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