Nancy Pelosi — under pressure — directs House to consider bigger penalties for lawmakers and aides who break a federal conflict-of-interest law

Nancy Pelosi — under pressure — directs House to consider bigger penalties for lawmakers and aides who break a federal conflict-of-interest law

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Egypt
  • Date: 15-Jan-2022
  • Source: Business Insider
  • Sector: Economy
  • Country: Egypt
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Nancy Pelosi — under pressure — directs House to consider bigger penalties for lawmakers and aides who break a federal conflict-of-interest law

Facing withering criticism from political friends and foes alike, House Speaker Nancy Pelosi is directing a panel to consider higher fines for lawmakers and top aides who violate a law on congressional stock trading meant to combat financial conflicts of interest. The Democratic leader asked the Committee on House Administration to investigate how many members have broken the reporting requirements of the the 2012 Stop Trading on Congressional Knowledge Act, also known as the STOCK Act. At least and have violated the STOCK Act's disclosure provisions, according to Insider's " " investigation, which published in December. Drew Hammill, Pelosi's deputy chief of staff, told Insider that the Speaker asked the panel to look into "the possibility of stiffening penalties," and confirmed it would extend to senior staff. "The speaker believes that sunlight is the best disinfectant and has asked Committee on House Administration Chair Zoe Lofgren to examine the issue of Members' unacceptable noncompliance with the reporting requirements in the STOCK Act," he said. The panel is responsible for setting rules on lawmakers and staff, including everything from human resources directions to ethical standards. Pelosi's actions contrast with most recent statements about members of Congress and their stock trades. Following

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