Nancy Pelosi turned her congressional seat into a personal ATM.
198 House Democrats voted six weeks ago to make sure nobody stops it.
Anna Paulina Luna blew the lid on Nancy Pelosi’s multi-million-dollar insider trading scheme.
The $200 Fine That Lets Congress Rob You Blind
Congress passed the STOCK Act in 2012 after a 60 Minutes exposé caught lawmakers trading stocks on a secret Federal Reserve briefing about the 2008 financial collapse.
That law – the one Washington held up as proof they were cleaning up their act – carries a penalty of $200 for violations.
Not $200,000. Not $2,000. Two hundred dollars.
No member of Congress has ever been prosecuted under it.
Not one.
Meanwhile, Paul Pelosi made nearly $4 million off Nvidia call options while his wife Nancy was Speaker and voting on semiconductor legislation.
https://twitter.com/Republicans/status/2097795871077253458?s=20
She looked America in the eye and said her husband is "just a trader."
Luna didn't look away.
"Nancy Pelosi and many others increased their net worth exponentially since taking office by abusing access to non-public information," she told the RNC crowd Tuesday.
That's not a talking point.
That's the receipts.
Luna Forced the Vote and Democrats Showed Their Hand
Luna spent months pushing a discharge petition – a procedural tool that forces a floor vote when 218 members sign on.
She got the vote.
On July 22, the House passed the Stop Insider Trading Act 232 to 198.
Only 13 Democrats crossed over.
Their stated reason: Republicans attached a voter ID requirement to the bill.
Rep. Joe Morelle of New York called the voter ID provision a "poison pill."
Here is the translation: Democrats would rather let their members keep trading than vote for anything that comes with a voter ID requirement attached.
They don't want a clean ban.
They don't want a compromised ban.
They want to keep trading.
Luna put it plainly at the RNC: "The American people elected a Republican Congress to fix Washington, not to profit off it or to tolerate its corruption."
This Has Happened Before and Washington Always Kills It
The pattern goes back decades.
In 2008, members of Congress received a closed-door briefing from the Treasury Secretary and the Fed chairman while Lehman Brothers was collapsing.
What did they do with that information?
They traded.
Then-Rep. Spencer Bachus – ranking member of the House Financial Services Committee – bought options betting the market would fall.
When it did, he made money.
Americans lost their homes.
Obama shamed Congress into passing the STOCK Act in 2012.
Congress promptly made the penalty $200 and prosecuted nobody.
This is the third time in twenty years Washington has stared at this problem, clucked its tongue, and passed something toothless.
The bill that just cleared the House still lets members keep and sell every stock they currently own – they are only banned from buying new ones.
Luna's push for the Restore Trust in Congress Act, the bill behind her original discharge petition, would have banned ownership entirely.
Washington watered it down, and the Senate has shown no appetite for it even in its weakened form.
Democrats Called It a Sham While Pelosi Counted Her Millions
Here is what 198 no votes actually means.
Members of Congress sit in classified briefings on defense contracts, pharmaceutical approvals, energy policy, and financial regulation.
https://twitter.com/OffThePress1/status/2097793855613538696?s=20
Every one of those decisions moves stocks.
Every one of those members is still free to trade on that access, protected by a fine that wouldn't cover a speeding ticket.
That is not a loophole.
That is a system working exactly as the people who built it intended.
Democrats had a straightforward choice in July: vote yes on a trading ban that included voter ID, or vote no and hand Republicans a campaign issue heading into the midterms.
One hundred ninety-eight of them chose their portfolios.
Luna stood in front of the Republican National Convention and called it what it is.
"Corruption has no party; it is a threat to us all," she said.
She is right that corruption crosses party lines.
But only one party just put 198 votes on the record to prove they will protect it.
Sources:
- Jacob Ogles, "Root it out: Anna Paulina Luna makes pitch for insider trading ban in speech to RNC," Florida Politics, September 9, 2026.
- Elizabeth Elkind, "Dozens of House Democrats reject bill fusing congressional stock ban with federal voter ID," Fox News, July 22, 2026.
- "House votes to limit stock trading by members of Congress, elevating a campaign issue," Associated Press, July 22, 2026.
- Rep. Anna Paulina Luna, "Rep. Luna Introduces Discharge Petition to Ban Insider Trading by Members of Congress," luna.house.gov, December 2, 2025.
- "198 Democrats voted against banning insider stock trading by Congress members," World Tribune, July 23, 2026.
