Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

# PELOSI Act Summary **What the Bill Would Do** The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act would prohibit members of Congress from owning individual stocks, bonds, and other securities while serving in office. Instead of managing their own investments, lawmakers would be required to divest from these assets or place them in blind trusts (accounts managed by a third party without the member's knowledge of specific holdings). The bill aims to prevent conflicts of interest by ensuring that Congress members' personal financial interests don't influence their voting or legislative decisions. **Who It Affects and Key Provisions** The bill directly affects all current and future members of Congress. It would also likely extend restrictions to their spouses and dependent children, based on the listed subjects.

The legislation addresses concerns that lawmakers might vote based on how legislation would affect their personal stock portfolios rather than the public interest. By requiring divestment or blind trusts, the bill seeks to eliminate the appearance that members are using insider information or legislative power for personal gain. **Current Status** As of now, HR 3388 is in committee, meaning it has been referred to the appropriate House committee but has not yet been voted on by the full chamber. The bill was introduced by Representative Mark Alford (R-MO) in the 119th Congress.