Sen. Ron Johnson, R-Wis., is warning that the so called “Pelosi Act” will have the unintended consequence of creating more career politicians and labeled the efforts of his Senate colleagues “legislative demagoguery.”
Speaking to Breitbart News Daily’s Mike Slate on Wednesday, Johnson cautioned that while the Pelosi Act may be appealing upon first glance, it should really be called “the career politician protection act.”
The Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act is a legislative proposal aimed at prohibiting members of Congress and their spouses from buying, selling, or holding individual stocks while serving in office. Lawmakers would be permitted to invest in diversified mutual funds, exchange-traded funds (ETFs), and U.S. Treasury bonds.
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