Photo Credit: AP.
Speaker of the U.S. House of Representatives has denied prior knowledge of her husband’s computer chip stock purchase.
A financial disclosure report showed that her husband, Paul Pelosi had purchased up to $5 million in stocks for a top semiconductor company days before the Senate is due to vote on a bill that would benefit the U.S. chip manufacturing industry, Washington Examiner reports.
speaker unaware of stock purchase by husband
Pelosi’s
office said the House Speaker does not own stocks and that the transactions are
earmarked for spouse.
"The
Speaker does not own any stocks. As you can see from the required disclosures,
with which the Speaker fully cooperates, these transactions are marked 'SP' for
Spouse. The Speaker has no prior knowledge or subsequent involvement in any
transactions," Nancy Pelosi's spokesman, Drew Hammill, told the Washington
Examiner.
The California
lawmaker has faced some criticism over the reported stock purchase.
The Innovation and Competition Act currently under consideration at the Senate passed the upper chamber in June 2021 with bipartisan support. The House also passed its own version of the legislation, called the America COMPTETES Act in February.
The bill
would provide $52 billion for U.S. semiconductor manufacturing.