Connect with us

Politics

House GOP Set To Investigate Nancy Pelosi’s Husband After Purchase Of Millions Of Computer Chip

Published

on

Just weeks after Paul Pelosi, House Speaker Rep. Nancy Pelosi’s husband, was arrested after allegedly driving under the influence late Saturday night.

Paul Pelosi was arrested in Napa County, California, at 11:44 p.m. on Saturday, and was charged with driving with a blood-alcohol level of .08 or higher as well as driving under the influence of alcohol.

It is said Paul Pelosi, House Speaker Nancy Pelosi’s husband, made a stock purchase of over $1 million in a computer chip company just weeks before a potential vote in congress which would give a massive subsidy to the industry.

Mr. Pelosi made a purchase of between $1 million and $5 million shares of Nvidia, which is a semiconductor company, according to a disclosure filing made by Pelosi’s office. He exercised 200 call options, or 20,000 shares, the disclosure states.

Reuters reported that the Senate could vote on a bill that contains billions of dollars in subsidies within the semiconductor industry as early as Tuesday.

The bill could send as much as $52 billion in chip subsidies as well as tax credits in order to increase competitiveness with China.

Congress is aiming to pass the bill and send it to President Biden’s desk before leaving for their August recess.

Craig Holman, who is a Capitol Hill lobbyist for Public Citizen, a left-leaning think tank, told the Daily Caller News Foundation that the disclosure is concerning.

“It certainly raises the specter that Paul Pelosi could have access to some insider legislative information,” Holman said. “This is the reason why there is a stock trading app that exclusively monitors Paul’s trading activity and then its followers do likewise.”

The Senate is set to investigate him for likely acting under the instructions of his wife to use secret information from Congress as a business strategy.

READ ALSO: Man Utd squad reaction to Erik ten Hag training plan they hated under Ralf Rangnick

‘Offer insufficient’ – Manchester United making signing efforts, updates on 3 players

Click to comment

Leave a Reply

Your email address will not be published.

Trending

Copyright © 2022. All Rights Reserved