House Speaker Nancy Pelosi, D-Calif., is positioned to potentially personally benefit from President Biden’s $2 trillion spending bill – and here’s how she could do it.
Biden last week announced his grandiose spending bill, which reserves $174 billion as subsidies for electric vehicles, charging stations and similar policies.
Now, here’s where Pelosi comes into play.
Back in December, Pelosi’s husband, Paul Pelosi, invested between half a million and $1 million in the famous electric car company Tesla, financial disclosures show.
Due to the massive electric car subsidies proposed in Biden’s infrastructure plan, Tesla is poised to be a big winner from Biden’s plan should it go through.
And, due to her husband’s massive investment, Pelosi could personally, financially benefit as Tesla grows from the subsidies, as the Free Beacon reported Friday.
Congressional spouses are legally allowed to invest in firms that their lawmaker husbands and wives work to regulate. However, the non-lawmaker spouse cannot act on information given to them by their congressional consort.