After a heated hearing, the Senate’s homeland security committee has advanced a bill to outlaw stock trading by members of Congress.
The bill changes and renames what was originally the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. It is now known as the HONEST Act.
Key elements would not take effect until the start of next term, meaning they would not affect President Donald Trump, Vice President JD Vance, or other serving senators and members of Congress.
Homeland Security Chair Rand Paul (R-Ky.) said the new measure “protects Donald Trump” because of that timing.
Sen. Josh Hawley (R-Mo.), a cosponsor of the bill, disagreed, saying that all elected officials to whom it would apply are “treated the same in that respect.”…