BoogyMan
07-16-2022, 06:57 PM
Looks like Nancy Pelosi doesn’t seem to have any problems with insider trading.
https://www.benzinga.com/government/22/07/28091265/nancy-pelosis-nvidia-trade-comes-under-scanner-as-senate-reportedly-set-to-vote-on-multi-billion-dol
The U.S. Senate is likely to vote Tuesday on a bipartisan bill that proposes granting of subsidy to chip companies in a bid to improve the industry's competitiveness with China, Reuters reported.
What Happened: The new legislation, according to Reuters, is a condensed version of a bill the Senate passed in mid-2021, which subsequently did not become law. The June bill envisaged a $52 billion subsidy for chip companies and a $200 billion grant to increase U.S. competitiveness.
House speaker Nancy Pelosi released a statement in January, supporting the bill, named "America COMPETES Act," that was introduced in the House.
Pelosi's support raised eyebrows as it was disclosed last week that the speaker and her husband Paul Pelosi made three trades, (https://www.benzinga.com/news/22/07/28068460/nancy-pelosi-just-made-trades-in-these-three-technology-names-including-a-1-8-million-profit-on-110)including exercising an option to buy 200,000 shares of graphics processing unit manufacturer Nvidia Corporation.
The transaction was reported as being done on June 17, with the value listed as between $1 million to $5 million..
https://www.benzinga.com/government/22/07/28091265/nancy-pelosis-nvidia-trade-comes-under-scanner-as-senate-reportedly-set-to-vote-on-multi-billion-dol
The U.S. Senate is likely to vote Tuesday on a bipartisan bill that proposes granting of subsidy to chip companies in a bid to improve the industry's competitiveness with China, Reuters reported.
What Happened: The new legislation, according to Reuters, is a condensed version of a bill the Senate passed in mid-2021, which subsequently did not become law. The June bill envisaged a $52 billion subsidy for chip companies and a $200 billion grant to increase U.S. competitiveness.
House speaker Nancy Pelosi released a statement in January, supporting the bill, named "America COMPETES Act," that was introduced in the House.
Pelosi's support raised eyebrows as it was disclosed last week that the speaker and her husband Paul Pelosi made three trades, (https://www.benzinga.com/news/22/07/28068460/nancy-pelosi-just-made-trades-in-these-three-technology-names-including-a-1-8-million-profit-on-110)including exercising an option to buy 200,000 shares of graphics processing unit manufacturer Nvidia Corporation.
The transaction was reported as being done on June 17, with the value listed as between $1 million to $5 million..