Former House Speaker Nancy Pelosi, who has become a lightning rod for anger over lawmakers trading in stocks in recent years and has, according to the report, “an almost cult-like following for her financial disclosures,” saw the value of her household’s portfolio rise by 71 percent.
Both parties experienced similar gains on average: Democratic lawmakers saw an estimated 31 percent increase in the value of their stock portfolios and Republicans jumped 26 percent.
When asked to comment on the news that many members of Congress had outperformed the market again, Ocasio-Cortez said: “I don’t think that members of Congress should be trading and holding individual stock.”.
The tech industry accounted for just over 15 percent of investments by Republicans, and 49 percent by Democrats, during a year dominated by the debate about the influence of the industry.
We are privy to knowing when legislation is more likely to pass, that which is least likely to pass, amendments that might happen, and we’re often the first to get notice of developments,” she said.
