The PELOSI Act did advance from a Senate committee on an 8-7 vote, though the legislation has not become law and has faced significant obstacles in its broader legislative journey.
True
The PELOSI Act, which would ban stock trading by members of Congress, was passed out of committee in an 8-7 vote.
Hawley Advances PELOSI Act to Ban Congressional Stock Trading Out of Committee - Josh Hawley
Source: hawley.senate.gov
At a glance
Verified October 3, 2026Key Evidence
The Senate Homeland Security and Governmental Affairs Committee voted 8-7 to advance the legislation.
The bill, titled the PELOSI Act, has not been enacted into law and has encountered subsequent legislative hurdles.
The reporting
What the Evidence Shows
In 2025, the Senate Homeland Security and Governmental Affairs Committee voted 8-7 to advance the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. This bipartisan vote represented a preliminary legislative milestone for the proposal, which sought to prohibit members of Congress from owning or trading individual stocks. The bill, introduced by Senator Josh Hawley, was designed to address concerns regarding potential conflicts of interest among elected officials.hawley.senate.govhawley.senate.govHawley Advances PELOSI Act to Ban Congressional Stock Trading Out of CommitteeThe claim that "The PELOSI Act" was passed out of a Senate committee by an 8-7 vote is factually accurate in its description of a specific committee event, but requires important context regarding the bill’s history, naming, and ultimate...
cbsnews.comcbsnews.comHawley Democrats Vote Stock Trading Ban CommitteeThe claim that "The PELOSI Act" was passed out of a Senate committee by an 8-7 vote is factually accurate in its description of a specific committee event, but requires important context regarding the bill’s history, naming, and ultimate...
Primary trail
Verified Sources6
Open source
Alford Introduces PELOSI Act to Ban Members of Congress from Owning, Selling...Primary Source Extraction
Verified Document Excerpt
"Alford Introduces PELOSI Act to Ban Members of Congress from Owning, Selling Individual Stocks Washington, May 14, 2025 Today, Congressman Mark Alford (MO-04) introduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act. The PELOSI Act will stop Members of Congress and their spouses from owning or trading individual stocks. This follows widespread reports of suspicious transactions associated with public officials that raise concerns members are trading on non-public information. President Trump has announced he would sign such a bill into law if passed by Congress. The Senate version of this legislation is led by Senator Josh Hawley (R-MO). “As public servants, we should hold ourselves to a higher standard and avoid the mere appearance of corruption,” said Congressman Alford."
Us Senate Stock Trades Bill
Transparency
Revision history
- Version 3October 3, 2026
The original verdict remains accurate, but the updated research provides essential context regarding the bill's subsequent legislative history, including name changes, branding, and its overall lack of enactment into law, which were not as clearly detailed in the initial report.
True - Version 2October 1, 2026
The original fact check correctly identified the July 2025 committee vote. The new evidence provides critical context by distinguishing this specific committee action from later, broader legislative developments involving congressional stock trading restrictions that occurred in 2026, which helps clarify the status and evolution of the legislation.
True - Version 1July 31, 2025
Initial published version
True