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Paul Pelosi buys tech chip stocks before big subsidy vote


House Speaker Nancy Pelosi’s husband bought up to $ 5 million in stock options in a computer-chip company ahead of a legislative vote next week that would provide billions of dollars in subsidies to boost the industry. chip manufacturing, shown in recent financial revelations.

Paul Pelosi bought on June 17, 20,000 shares of Nvidia, a leading semiconductor company, valued at between $ 1 million and $ 5 million, the Daily Caller reported, citing disclosure reports filed to the House speaker.

Senators are expected to meet early Tuesday to vote on a bipartisan competition bill to allocate $ 52 billion to improve domestic semiconductor production and provide tax credits for production, Reuters reported.

“It definitely raises the specter that Paul Pelosi may have access to some insider legislative information,” Craig Holman, a government activity lobbyist for the left -wing think tank Public Citizen, told the Daily Caller News Foundation. “This is why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do the same.”

House Speaker Nancy Pelosi, D-CA and her husband Paul Pelosi arrive for a formal Artist Dinner honoring the recipients of the 44th Annual Kennedy Center Honors at the Library of Congress in Washington, DC, US, Dec. 4 , 2021.
Both Democrats and Republicans have accused House Speaker Nancy Pelosi and her husband Paul of insider trading.
REUTERS/Ken Cedeno/Phil
The Senate is expected to vote on a bipartisan competition bill that would pump $ 52 billion into domestic semiconductor manufacturers like Nvidia.
The Senate is expected to vote on a bipartisan competition bill that would pump $ 52 billion into domestic semiconductor manufacturers like Nvidia.
Justin Sullivan / Getty Images
Nancy Pelosi’s husband bought millions in Chip stocks before the big chip-subsidy vote.
Paul Pelosi also sold shares from Apple Inc. and Visa Inc., according to the Clerk of the House of Representatives.
Clerk of the House of Representatives
Paul Pelosi's mugshot after being arrested for drunk driving in Napa County, California.
Paul Pelosi’s mugshot after being arrested for drunk driving in Napa County, California.
Napa County Sheriff’s Office by AP, File

Pelosi, an avid stock trader who could be jailed for alleged drunk driving after a car accident in May, also sold 10,000 shares of Visa worth between $ 1 million and $ 5 million and 50 call options in Apple valued at $ 100,000 and $ 250,000. show.

Pelosi’s office did not immediately respond to a request for comment.



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