Reports: Nancy Pelosi’s husband bought millions in computer chip stocks before subsidy vote

Doug P. | 10:47 AM on July 16, 2022

Today’s sarcastically labeled “nothing to see here” story comes from the New York Post citing other sources:

Nancy Pelosi's husband buys millions in computer-chip stocks before big subsidy vote https://t.co/iJ81YF9qau pic.twitter.com/kZkYu46HSn

— New York Post (@nypost) July 16, 2022

Using Paul Pelosi’s mugshot was a nice touch, but we’re sure everything’s totally on the up-and-up (cue eye roll).

Shameless. Don’t they have enough grift? https://t.co/3VGCL9QDwp

— Miranda Devine (@mirandadevine) July 16, 2022

Apparently not.

From the New York Post:

House Speaker Nancy Pelosi’s husband purchased up to $5 million in stock options on a computer-chip company ahead of a vote on legislation next week that would deliver billions of dollars in subsidies to boost the chip-manufacturing industry, new financial disclosures show.

Paul Pelosi purchased on June 17, 20,000 shares of Nvidia, a top semiconductor company, worth between $1 million and $5 million, the Daily Caller reported, citing disclosure reports filed by the House speaker.

Senators are expected to convene as early as Tuesday to vote on a bipartisan competition bill to set aside $52 billion to boost domestic semiconductor manufacturing and give tax credits for production, Reuters reported.

It’s worth noting that House Speaker Pelosi has nothing against members of Congress or their spouses trading stocks:

House Speaker Nancy Pelosi dismisses banning Congress members from owning individual stocks: 'We're a free-market economy' https://t.co/5EDJj9cade

— CNBC (@CNBC) December 15, 2021