Congress has just passed the PELOSI Act legislation that would ban stock trading by members of Congress passing it out of committee in a narrow 8-7 vote.

Multiple credible sources confirm that the PELOSI Act, formally known as the Preventing Elected Leaders from Owning Securities and Investments Act, was recently advanced out of the Senate Homeland Security and Governmental Affairs Committee with an 8-7 vote. This legislation aims to prohibit members of Congress and their spouses from trading or holding individual stocks to prevent conflicts of interest and insider trading.

The vote was closely divided along party lines, with all Democrats and Senator Josh Hawley voting in favor, while most Republicans opposed it. The bill has garnered attention due to its bipartisan support in committee despite opposition from many Republicans and President Donald Trump. This advancement is a significant step toward potentially banning stock trading by lawmakers, though it still requires further legislative approval before becoming law.