House Speaker Nancy Pelosi's husband Paul Pelosi dodged an extra 20% loss by selling Nvidia stock in July before the U.S. government placed restrictions on the company.
Rep. Michael Burgess, R-Texas, says it was 'almost impossible' to support the CHIPS Act when Nancy Pelosi's husband bought more than $1 million in Nvidia weeks before a congressional vote that would provide massive subsidies to the industry., D-Calif., dodged an extra 20% loss by selling his Nvidia stock in July before the U.S. placed restrictions on the company in August, according to documents.
According to congressional stock trade records, Pelosi’s husband unloaded 25,000 shares of the semiconductor manufacturer July 27. over her husband's purchase of the share ahead of the CHIPS bill. Nearly a month later, on Aug. 26, the federal government placed restrictions on Nvidia doing business with China and Russia.
House Speaker Nancy Pelosi, D-Calif., and husband Paul Pelosi have been under scrutiny for their stock trades. of $165.05, the July sale netted the Pelosis a $341,365 loss, according to financial website Unusual Whales.Wednesday, Aug. 31, there would have been an extra 20% loss due to the government restrictions.sale and the government restrictions placed a month later.
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