Federal Housing Finance Agency (FHFA) Director Bill Pulte has called for a formal investigation into former House Speaker Nancy Pelosi, alleging insider stock trading. The demand, made on August 9, 2025, amplifies President Trump’s accusations that Pelosi and her husband, Paul, amassed a $260 million fortune through trades leveraging non-public information. Pulte’s push follows Trump’s Truth Social post claiming the Pelosis “beat every hedge fund in 2024,” a charge echoed by Senator Josh Hawley, who also urged prosecution. The allegations center on high-profile trades, like a 2021 Microsoft investment yielding millions just before a $22 billion Army contract boosted the stock.
Pelosi’s office denies wrongdoing, stating her investments are managed independently and comply with the 2012 STOCK Act, which mandates timely trade disclosures. Critics argue the Act’s $200 fine for violations is insufficient for wealthy lawmakers, fueling public outrage. Pulte, a Trump loyalist, has leveraged his FHFA role to target political foes, previously accusing Fed Chair Jerome Powell of misconduct. The Securities and Exchange Commission and Justice Department have not commented, leaving the probe’s future uncertain. The controversy reignites calls for banning congressional stock trading, with the proposed PELOSI Act gaining traction but facing resistance, including from Trump himself. As pressure mounts, the debate over ethics in Congress intensifies, with implications for political accountability.
