Democrat Sen. Jeff Merkley Admits Pelosi’s Stock Trading Sways Her Legislative Judgment

WASHINGTON, DC - AUGUST 06: House Speaker Nancy Pelosi (D-CA) speaks at her weekly news conference at the Capitol building on August 06, 2021 in Washington, DC. Speaker Pelosi discussed numerous topics including the newly released July jobs report and the Covid-19 vaccination rate in the United States. (Photo by …
Anna Moneymaker/Getty Images

Democrat Sen. Jeff Merkley (D-OR) on Monday admitted House Speaker Nancy Pelosi’s (D-CA) husband’s stock trading activity sways her legislative judgment.

While American workers are not privy to much of the information that high-ranking members of Congress possess, Pelosi believes lawmakers and their spouses should be permitted to continue trading stocks with a small degree of transparency.

“Speaker Pelosi is an amazing leader, but on this issue I disagree with her completely,” Merkley said. “When members hold individual stocks it can’t help but influence their thinking on policies and tax laws that affect their value.”

WASHINGTON, DC - MAY 16: Sen. Jeff Merkley (D-OR) at the America Welcomes Event with a Statue Of Liberty Replica Shows Solidarity With Immigrants & Refugees at Union Station on May 16, 2019 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for MoveOn.org)

Sen. Jeff Merkley (D-OR) (Tasos Katopodis/Getty Images for MoveOn.org)

Merkley’s comments came after Pelosi in December defended lawmakers and their spouses’ ability to stock trade due to erroneous “free-market” principles.

“We’re a free-market economy,” Pelosi defended the position. “They [lawmakers] should be able to participate in that.”

Pelosi, who is married to profuse trader Paul, is one of the most wealthy members of Congress, largely because of her husband’s stock trading activity and real estate holdings. Breitbart News reported in July that Pelosis raked in $4.8 million dollars on tech options.

Paul Pelosi (L) and House Minority Leader Nancy Pelosi (D-CA) attend the 2018 White House Correspondents' Dinner at Washington Hilton on April 28, 2018 in Washington, DC. (Photo by Tasos Katopodis/Getty Images)

Paul Pelosi (L) and House Minority Leader Nancy Pelosi (D-CA) attend the 2018 White House Correspondents’ Dinner (Tasos Katopodis/Getty Images).

Pelosi claims she does not own any stocks her husband trades.

A Trafalgar Group poll revealed 76 percent of voters believe congressional members and their spouses have an “unfair advantage” trading stocks. Only five percent of voters supported stock trading by lawmakers.

Follow Wendell Husebø on Twitter @WendellHusebø.

.

Please let us know if you're having issues with commenting.