Wednesday, January 19, 2022

Ted Cruz may introduce his own bill to ban Pelosi-style stock trading in Congress

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Are you insulting Nancy Pelosi for trading stocks? Yes, this is the party that Senator Ted Cruz wants to join.

Texas Republican Cruz is considering introducing a bill to ban members of Congress, including the speaker of the California House of Democrats, from disputing the practice of buying and selling individual shares, according to On The Money.

On Wednesday, Senators John Ossoff (D-Ga.) And Mark Kelly (D-Ariz.) Announced plans to introduce a law banning members of Congress from trading in stocks instead of restricting members of Congress and their families from choosing shares. to more vanilla-type investment funds and so on.

Ossoff’s Pelosi and his wife, Polnie, a Silicon Valley investor who recently considered options at Google, Disney and Roblox, first reported on Saturday about a bill that would shut down Paul, an investor.

A few hours later, Senator Josh Howley (R-Mo.) Announced in Congress that he would also introduce a bill banning the sale of such securities.

According to Beltway insiders, Texas Republican Cruz is now considering how to join the fight.

A source close to the senators said in an interview with On The Money that “Holly and Cruz want to complement each other.” “They don’t want to let the issue have someone else … they will never join another senator’s bill because it means they can’t be a star.”

“Howley and Cruz want to complement each other,” a source close to the situation told On The Money.

Cruz is still in a phase of mental assault – and he’s trying to figure out how to differentiate his legislation, the source added. To this day, Cruz seems to have moved away from questionable trading. His wife is the managing director of Goldman Sachs.

Cruz is also known for being slow in writing and enforcing legislation, the man adds – and warns that it could take some time for Cruz to put a pen to paper.

“He takes a firm position because the law is not going anywhere,” the source added. “These are just calculations for messages.”

Senator Cruz’s office declined to comment.

cruz
A source close to the senators told The Post that “Holly and Cruz want to love each other.”

While it’s not clear what value will be added by creating another bill against the stock market, people close to Cruz say it doesn’t matter.

“The U.S. Senate never thinks there are too many chefs in the kitchen,” the man adds.

Legislative turmoil erupted after Pelosi last month dispelled concerns about law enforcement by lawmakers, claiming it was part of a “free market economy” – comments Democrats “boiled the blood” of insiders, people close to the speaker told The Post.

In December, House Speaker Pelose revealed that he had amassed millions of valuable call options on tech stocks. At the same time, some insiders say he was slow to curb Big Tech.

Even if the legislation is not put forward, the hearts of some absurd observers rejoice in the content of the bills. “It’s a good thing to think about important issues – it helps the cause,” said Jeff Hauser, founder and director of the Rotating Door project.

Others are closing their eyes. “He’s just dealing with the show ship and he’s late for the game,” one of the leading operatives told The Post.

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