Senators Vote On Amendment To Begin Review Of All Trades By Pelosis For Past 25 Years

Forbes Breaking News

In the Senate Homeland Security Committee, Senators voted on an amendment from Sen. Rick Scott (R-FL) to "get a review of all the trading by Nancy Pelosi and her husband for the last 25 years."

Transcript

00:00because there is no one. So present, I guess, your arguments for second degree to Scott Wan.

00:06Sure. So as we know, we're doing this because we've watched people that it sure appears that

00:12they have somehow figured out how to make a lot of money off their job up here in Congress.

00:19So my amendment is to get a review of all the trading by Nancy Pelosi and her husband for the

00:28last 25 years. I think it's critical to get to the root of why this bill was proposed and get

00:33transparency for the American people. I think, you know, I agree that we've got to figure out

00:40why people don't trust. And I think Speaker Pelosi is the prime example. So this amendment calls for

00:48an inspector general to issue a GAO report on the Pelosi trading for the last 25 years with a report

00:53back to the committee within 180 days. I urge my colleagues to support my amendment.

00:58I have a clarification question. This is the report on Nancy Pelosi. Does it include other

01:07members of Congress? No. This is just a report. Speaker Pelosi and her husband.

01:11On her husband. We've got, we sent copies around earlier. Okay. I just wanted to be clear.

01:16By computer. But we have, yeah, we sent it by computer and we can pass out copies.

01:23You know, I guess my only problem in the, the thing about it is, is I think it's driven by a lot of,

01:33like, for example, there are wealthy people in our, in the Senate who people say, oh, look at all the

01:38money he's got. And they, they have gotten very rich over the last 20 or 30 years have been in office.

01:44But the particular person, I'm not going to mention the name, is married to a very wealthy woman and her

01:48family. And it's like, there is an explanation. But on the, online, everybody's like, how did that guy

01:52get to be so rich? And I worry about targeting one person is the only thing. Um, I don't say that

01:58in a means period way. I just worry about going after one person as opposed to a report on stock

02:04investments or more generally than going after one person. But, excuse me.

02:09Well, I don't, I don't know. I worry about going after people just looking around at everybody's

02:16stock trades and trying to make accusations. The ethics committee kind of does, uh, this already.

02:20And I assume the ethics committee does it. Um, I hate to put you on the spot, Jim, but what do you

02:25think about it from the ethics perspective? Yeah, I can't speak to the house perspective for those of

02:31us that have served in the house, know the fun of being in the house and their dual committees and

02:35what they do on ethics. Senate ethics, um, is exceptionally thorough. We've had multiple

02:41members and some have been discussed even a little bit today, uh, that have ethical problems

02:46and they're no longer in the Senate, uh, as a result of that. So there are consequences and there is

02:51follow through. And as Senator Johnson has mentioned, every single stock transaction, uh, of a thousand

02:58dollars or more buying or selling is made public already right now and is tracked in public and is

03:04tracked by ethics and any question that comes up on a hearing, a meeting and anything else

03:09that happens with any member of the Senate, uh, if there is something that happens and then

03:15they trade in that stock later, it is actually brought to ethics and we follow up with those

03:19individuals and any individual that's in the Senate knows full well that owns stocks, the

03:24pressure that they're under constantly, the microscope they're under and any of their

03:28trades. So, no, this is very tracked in the Senate.

03:31Mr. Chairman, I, I just, I just have a question, Rick. So does, does this, the second degree,

03:38does this replace the entire bill with the study?

03:41No, no, no.

03:42Oh, it's an addition.

03:43So, so it has, it has, it leaves everything in place and it does the study?

03:47Yeah, it just adds the study.

03:48And what, what happens to, what about you, the Scott Amendment number one, does this replace all of that?

03:53Yeah.

03:54Yes.

03:55Okay, so it strikes, Scott Amendment number one.

03:58What's to cover, you know, what was to cover the people in the legislature?

04:01Federal, well, no, Scott Amendment number one is federal employees.

04:04So it would recover, uh, National Guardsmen, Army Reservists.

04:08It would cover postal services.

04:10No, no, active duty only.

04:11Active duty only.

04:12Uh, so what, what survives of that in this?

04:16Are we still going to cover Guardsmen and Reservists and?

04:19No, that's it.

04:20Okay.

04:21Yeah.

04:26So, um, Scott's second degree replaces Scott 1.

04:31We're not voting on anything Scott 1.

04:33Correct.

04:34Okay.

04:35Uh, further discussion?

04:36I ask a roll call vote.

04:38Okay.

04:39Clerk will call the roll.

04:43Senator Johnson.

04:44Aye.

04:45Senator Lankford.

04:46Senator Scott.

04:47Aye.

04:48Senator Hawley.

04:49No.

04:50Senator Moreno.

04:51Aye.

04:52Senator Ernst.

04:53Aye.

04:54Senator Moody.

04:55Aye.

04:56Senator Peters.

04:57No.

04:58Senator Hassan.

04:59No.

05:00Senator Blumenthal.

05:01No.

05:02Senator Fetterman.

05:03Senator Kim.

05:04No.

05:05Senator Gallego.

05:06Senator Slotkin.

05:07Senator Paul.

05:08Aye.

05:09Mr. Chairman, on the vote of those present,

05:15the yeas are seven, the nays are eight.

05:16On the vote of those present, the yeas are seven, the nays are eight.

05:24On the vote by proxy and for the record only the yeas are zero, the nays are zero.

05:27On this vote, the yeas are seven, the nays are eight, and the amendment is not agreed to.

05:30Mr. Chairman.

05:31Say it again.

05:32Senator Scott.

05:33Okay.

05:34I withdraw my secondary amendment to Scott 1.

05:35I'd like to call up Scott 2.

05:36Okay.

05:37Can you explain it?

05:38I withdraw Scott 1.

05:39Scott 2.

05:40This amendment provides for an exemption of the president, the vice president, and their

05:41spouses and defendants.

05:43Look, I've been very clear about my concerns about the provisions of this bill that give

05:59Democrats another weapon to attack President Trump and Vice President Vance after Russiagate,

06:04making impeachment, basis which haunts indictments.

06:09The last thing we need to do is give Democrats more weapons to attack the president.

06:13We can ban stock trading for Congress, but let's still give more weapons to Democrats to

06:17attack President Trump.

06:18I urge my colleagues to support my amendment.

06:21I will oppose the amendment, not because I want President Trump to be investigated and

06:28divested and all the things that this bill would do.

06:30I'm going to oppose the final bill because I don't want him to be included in any of this.

06:34But on the amendment, I think if it's good for Congress, we had to apply it to everybody.

06:39I'd go to the president, I'd go to the courts, I'd go to all the staff.

06:43I'd put everybody under it.

06:44The more the better to spread it.

06:46But on this particular one, I'll end up voting no because my opposition to the final bill

06:51will be my opposition to Donald Trump being involved in any way.

06:54Any further discussion?

06:55If not, the clerk will call the roll.

06:57Senator Johnson.

06:58Aye.

06:59Senator Langford.

07:00Senator Scott.

07:01Aye.

07:02Senator Hawley.

07:03No.

07:04Senator Moreno.

07:05Aye.

07:06Senator Ernst.

07:07Aye.

07:08Senator Moody.

07:10Senator Peters.

07:11No.

07:12Senator Hassan.

07:13No.

07:14Senator Blumenthal.

07:15No.

07:16Senator Fetterman.

07:17Senator Kim.

07:18No.

07:19Senator Gallego.

07:20Senator Slotkin.

07:21Senator Paul.

07:22No.

07:23Senator Paul.

07:24No.

07:25Senator Johnny.

07:26No.

07:27Senator Michael.

07:28No.

07:29No.

07:31No.

07:32No.

07:33No.

07:34No.

07:35No.

07:36No.

07:37No.

07:38No.

07:39No.

07:40No.

07:42No.

07:43vote to adopt the Hawley substitute as modified. The clerk will call the roll.

07:49Senator Johnson. Senator Lankford. Senator Scott. Senator Hawley. Senator Moreno.

07:58Senator Ernst. Senator Moody. Senator Peters. Senator Hassan. Senator Blumenthal.

08:07Senator Fetterman. Senator Kim. Senator Gallego. Senator Slotkin. Senator Paul.

08:15No. Mr. Chairman, on the vote of those present, the yeas are eight, the nays are seven. On the vote

08:24by proxy, the yeas are zero, the nays are zero. On this vote, the yeas are eight, the nays are seven,

08:28and the amendment is agreed to. We'll now vote on final passage as modified. Clerk will call the roll.

08:36Senator Johnson. Senator Lankford. Senator Scott. Senator Hawley. Senator Moreno. Senator Ernst.

08:45Senator Moody. Senator Peters. Senator Hassan. Senator Blumenthal. Senator Fetterman. Senator Kim.

08:56Senator Gallego. Senator Slotkin. Senator Paul.

09:01Senator Paul. Senator Paul. Senator Paul. Senator Paul. Senator Paul. Oh, no.

09:08Senator Paul. Senator Paul. Mr. Chairman, on the vote of those present, the

09:12yeas are eight, the nays are seven. On the vote by proxy, and for the record only, the

09:15yeas are zero, the nays are zero. On this vote, the yeas are eight, the nays are seven, and the

09:19yeas are seven, and the motion is agreed to.

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