On Wednesday, Trump slammed Hawley on Truth Social, accusing him of playing into the hands of the Democrats with his legislation, which would prohibit members of Congress, the president, and the vice president from trading stocks.
But Hawley was unbothered by the president’s digs, and laughed them off, according to The Independent. In fact, Hawley says that Trump is a supporter of the bill, reaffirming what the president said to reporters hours before his Truth Social rant.
The bill, which was originally called the PELOSI Act in a mocking tribute to the accusations of insider trading against Representative Nancy Pelosi’s husband, made it through the Senate Committee on Homeland Security and Governmental Affairs on Wednesday, in an 8–7 vote, with Hawley as the sole Republican to support the act.
Though the bill does ban the president and vice president from trading or owning stocks, it includes a notable carve-out for Trump: That prohibition will only kick in for future administrations.
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