Nancy Pelosi’s office responded to her husband’s controversial computer chip stock trades as Congress is poised to vote on a bill that would benefit the U.S. semiconductor industry.
Several conservative news websites reached out to House Speaker Nancy Pelosi’s office for comment about her husband’s recent stock trades, particularly inquiring about Paul Pelosi’s million-dollar purchase of stock in a semiconductor company.
“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, said in a statement.
This comes after Paul purchased between $1 million and $5 million shares of semiconductor company Nvidia in late June. The disclosure raised questions about whether he knew of the legislation that contains billions of dollars in subsidies within the semiconductor industry.
The Senate could vote on the bill as early as Tuesday, while Congress is aiming to pass the bill and send it to President Joe Biden’s desk before leaving for their August recess.
Last June, Paul was arrested in Napa County, California, at 11:44 p.m. and was charged with driving with a blood-alcohol level of .08 or higher as well as driving under the influence of alcohol.
He was reportedly attempting to cross State Route-29 when his Porsche was struck by a man driving a Jeep, according to the California Highway Patrol (CHP.)
The incident garnered criticism after the CHP refused to release any footage related to the arrest of the House Speaker’s husband.
“This is standard protocol in any DUI case that is referred to by a law enforcement agency in Napa County,” the agency said in a press release. “No decision has been made at this time. Any speculation to the contrary is incorrect.”
Paul is set to appear in court on August 3 in Napa County Superior Court, according to Napa County District Attorney Allison Haley.
A spokesperson for Nancy refused to comment on the “private” matter, saying: “The speaker will not be commenting on this private matter which occurred while she was on the East Coast.”
