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Paul Pelosi SNEAKILY Buys Millions In Computer Chip Stocks Before BIG House Vote


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Inside trading much?

Nancy Pelosi’s husband Paul who was recently arrested for allegedly driving drunk has just made major headlines again after he purchased over $5 million in stock options in a computer chip company.

The purchase is raising a red flag because the House is set to vote on legislation that would aim to deliver billions of dollars in aid to manufacturing companies looking to make chips in the United States.

Paul Pelosi previously made out big on investing in Tesla after the House passed a bill that would bolster the production of electric cars in the United States.

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The New York Post shared these details:

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.

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“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Craig Holman, a government affairs lobbyist for the left-wing think tank Public Citizen, told the Daily Caller News Foundation. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”

Shore News Network chipped in with these details:

House Speaker Nancy Pelosi’s husband Paul bought up to $5 million in stock of a company that makes computer chips ahead of a vote on a bill next week that would hand billions in subsidies to boost chip manufacturing, a financial disclosure shows.

Paul Pelosi purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17, according to the speaker’s disclosure report released Thursday. Now, senators will convene as early as Tuesday to vote on a bipartisan competiton bill, which allocates $52 billion to boost domestic semiconductor manufacturing and gives tax credits for production, Reuters reported Thursday.



 

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