Senate Committee Advances Pelosi Act to Prevent Elected Leaders from Holding Investments

July 30, 2025 | Homeland Security and Governmental Affairs: Senate Committee, Standing Committees - House & Senate, Congressional Hearings Compilation


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Senate Committee Advances Pelosi Act to Prevent Elected Leaders from Holding Investments
The U.S. Senate Committee on Homeland Security and Governmental Affairs has made significant strides in legislative action during its recent meeting on July 30, 2025. The committee unanimously approved the Gallego substitute as the underlying bill, with a vote tally of 13 in favor and none against, signaling strong bipartisan support for the proposed legislation.

The meeting began with a focus on the Gallego substitute, which was adopted without any objections or amendments. This swift approval reflects the committee's commitment to advancing legislative priorities efficiently. Following this, the committee shifted its attention to the consideration of four nominations and additional legislative matters.

One of the key pieces of legislation discussed was Senate Bill 1498, known as the Pelosi Act. This bill aims to prevent elected leaders from owning securities and investments, a move intended to enhance transparency and reduce potential conflicts of interest among public officials. The introduction of this bill underscores the committee's focus on ethical governance and accountability in public service.

As the committee continues its work, the unanimous support for the Gallego substitute and the introduction of the Pelosi Act highlight a proactive approach to addressing important governance issues. The implications of these decisions are expected to resonate throughout the legislative process, promoting integrity and trust in elected leadership. The committee's next steps will be closely watched as they navigate the nominations and further legislative discussions.

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