Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act

The PELOSI Act prohibits Members of Congress and their spouses from owning stocks, bonds, commodities, or similar investments while serving in office, to prevent conflicts of interest. It includes a 180-day grace period for current members to sell existing holdings and allows investments held in qualified blind trusts. Members must annually certify compliance to ethics committees, which will publish these certifications publicly, and violations may result in fines or requiring the return of profits. Enforcement is handled by the Senate Ethics Committee and House Ethics Committee, with a GAO audit required within two years.