See every stock trade Nancy Pelosi's husband, Paul Pelosi, made while she was House speaker in 2021

May 2024 · 11 minute read
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  • AllianceBernstein Holding L.P. (AB)
  • Alphabet Inc. - Class A (GOOGL)
  • Alphabet Inc. - Class C Capital Stock (GOOG)
  • Amazon.com, Inc. (AMZN)
  • American Express Company (AXP)
  • Apple Inc. (AAPL)
  • Micron Technology, Inc. (MU)
  • Microsoft Corporation (MSFT)
  • NVIDIA Corporation (NVDA)
  • Paypal Holdings, Inc. (PYPL)
  • REOF XX, LLC
  • REOF XXII, LLC
  • Roblox Corporation Class A (RBLX)
  • Salesforce.com Inc (CRM)
  • Slack Technologies, Inc Class A (WORK)
  • Tesla, Inc. (TSLA)
  • Visa Inc. (V)
  • Walt Disney Company (DIS)
  • Warner Bros. Discovery, Inc. - Series A (WBD)
  • As members of Congress debate whether lawmakers and their spouses should play the stock market, House Speaker Nancy Pelosi's husband, Paul Pelosi, a venture capitalist, continues to regularly buy and sell stocks and stock options.

    This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

    Pelosi has access to confidential intelligence and the power to affect — with words or actions — the fortunes of companies in which her husband invests and trades.

    When asked in December 2021 whether members of Congress should even be allowed to trade stocks, Pelosi answered in the affirmative.

    "We are a free-market economy. They should be able to participate in that," she said.

    This led some of her colleagues, on both the left and the right, to sharply criticize her — and draft legislation to restrict members of Congress and their spouses from trading stocks. 

    "Year after year, politicians somehow manage to outperform the market, buying and selling millions in stocks of companies they're supposed to be regulating," Republican Sen. Josh Hawley said. "Wall Street and Big Tech work hand-in-hand with elected officials to enrich each other at the expense of the country. Here's something we can do: ban all members of Congress from trading stocks and force those who do to pay their proceeds back to the American people. It's time to stop turning a blind eye to Washington profiteering." 

    Sen. Jon Ossoff, a Democrat, introduced a similar bill alongside Sen. Mark Kelly with the intent to ban members of Congress and their families from trading stocks.

    "Members of Congress should not be playing the stock market while we make federal policy and have extraordinary access to confidential information," Ossoff said. 

    On July 21, Pelosi denied that her husband uses information she provides to make stock trades, and she has softened her stance on a congressional stock-trade ban. 

    In September, Pelosi backed a bill House Democratic leadership advanced that would ban various government officials, including members of Congress, from trading individual stocks. But many government reform groups panned this legislation, and the fate of a congressional stock-trade ban in general remains unclear

    On November 17, 2022, Pelosi announced her plan to step down from her leadership role after 19 years of leading House Democrats. In 2018, she announced her plan to step down as Democratic leader by the end of 2022.

    She said she will, however, remain a member of Congress, having easily won re-election in November 2022.

    Paul Pelosi has endured a turbulent and tragic 2022: he pleaded guilty to a DUI charge in August, and he is now recovering from head injuries he sustained after being attacked with a hammer in the Pelosis' home in October.

    A previous analysis from Insider estimated that the Pelosis are worth at least $46,123,051, making Nancy Pelosi one of the 25 richest members of Congress. The vast majority of the couple's wealth is derived from stocks, options, and investments made by Paul Pelosi. 

    Here are all of the trades reported by Speaker Nancy Pelosi in 2021 and 2022:

    AllianceBernstein Holding L.P. (AB)

    Alphabet Inc. - Class A (GOOGL)

    The exterior of a Google store photographed on June 09, 2022 in Berlin, Germany. Jeremy Moeller/Getty Images

    Alphabet Inc. - Class C Capital Stock (GOOG)

    Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images

    Amazon.com, Inc. (AMZN)

    An Amazon logo is displayed on a fulfillment center. Being the world's largest online retail company, Amazon operates more than 175 fulfillment centers worldwide, totaling in over 166 million square feet. Gabe Ginsberg/SOPA Images/LightRocket via Getty Images

    American Express Company (AXP)

    The logo of the American Express financial services company is seen on a Gold Card in an office. Silas Stein/picture alliance via Getty Images

    Apple Inc. (AAPL)

    Apple logo at an Apple store on May 31, 2022 in Berlin, Germany. Thomas Trutschel/Photothek via Getty Images

    Micron Technology, Inc. (MU)

    In this photo illustration, the Micron Technology Corporation logo seen displayed on a smartphone. Igor Golovniov/SOPA Images/LightRocket via Getty Images

    Microsoft Corporation (MSFT)

    In this photo illustration, a Microsoft logo seen displayed on a smartphone screen. Sheldon Cooper/SOPA Images/LightRocket via Getty Images

    Netflix (NFLX)

    Photo Illustration by Chesnot/Getty Images

    NVIDIA Corporation (NVDA)

    In this photo illustration the Nvidia Corporation logo seen displayed on a smartphone screen. Rafael Henrique/SOPA Images/LightRocket via Getty Images

    Paypal Holdings, Inc. (PYPL)

    An image of a woman holding a cell phone in front of the PayPal logo displayed on a computer screen. Artur Widak/NurPhoto via Getty Images

    REOF XX, LLC

    REOF XXII, LLC

    Roblox Corporation Class A (RBLX)

    The Roblox Logo. Roblox

    Salesforce.com Inc (CRM)

    In this photo illustration Salesforce logo seen displayed on a smartphone screen. Rafael Henrique/SOPA Images/LightRocket via Getty Images

    Slack Technologies, Inc Class A (WORK)

    ii

    Tesla, Inc. (TSLA)

    A Tesla Model 3. David Zalubowski/AP

    Visa Inc. (V)

    Visa

    Walt Disney Company (DIS)

    In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen. Rafael Henrique/SOPA Images/LightRocket via Getty Images

    Warner Bros. Discovery, Inc. - Series A (WBD)

    In this photo, illustration the logo of Warner Bros is displayed on computer screen and the logo of Discovery is displayed on phone screen. Media giants, WarnerMedia and Discovery, run the combined company, Warner Bros. Discovery Celal Gunes/Anadolu Agency via Getty Images

    Methodology note: In 2012, Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act to combat insider trading and conflicts of interest to bring more transparency to lawmakers' financial dealings.

    Per the STOCK Act, members of Congress are required to file financial disclosures within 45 days of making a trade, doing so in a certified congressional document known as a periodic transaction report. Insider collected and analyzed the trades listed in each of Pelosi's periodic transaction reports submitted since 2021.

    Federal lawmakers are required to report stock trades made by themselves, their spouses, and their dependent children. But they are only required to list the value of reported trades in broad ranges.

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