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Nancy Pelosi’s husband buys over $1 million of computer chip stock weeks before vote on industry subsidies


Paul Pelosi, House Speaker Nancy PelosiHer husband, made a stock purchase of more than $ 1 million in a computer chip company just weeks before a potential congressional vote that would provide a substantial subsidy to the industry.

Mr. Pelosi bought between $ 1 million and $ 5 million shares in Nvidia, a semiconductor company, according to a disclosure filing made by Pelosi’s office. He used 200 calling options, or 20,000 parts, the disclosure said.

Reuters reported that the Senate could vote on a bill that would include billions of dollars in subsidies within the semiconductor industry on Tuesday.

The bill would send $ 52 billion in chip subsidies as well as tax breaks to increase competition in China.

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Nancy and Paul Pelosi

Paul Pelosi and Nancy Pelosi attended the 2018 White House Correspondents ’Dinner at the Washington Hilton on April 28, 2018 in Washington, DC. (Photo by Tasos Katopodis/Getty Images/Getty Images)

Congress intends to pass the bill and send it to President Biden’s table before leaving for their recess in August.

Craig Holman, who is a Capitol Hill lobbyist for Public Citizen, a left-leaning think tank, told the Daily Caller News Foundation that the disclosure was relevant.

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Nancy Pelosi and Paul Pelosi award ceremony

Speaker of the U.S. House of Representatives Nancy Pelosi and husband Paul Pelosi. (Photo by Samuel Corum / AFP via Getty Images) / Getty Images)

“It certainly raises the specter that Paul Pelosi may have access to some legislative information on the inside,” Holman said. “This is why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do the same.”

The disclosure also shows that Mr. Pelosi sold shares in Apple and Visa.

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FOX Business reached out to Pelosi’s office.



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