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At
her weekly news conference, Pelosi was asked about tightening
controls on stock transactions. She responded: "If members (of
the House) want to do that, I'm OK with that."
Currently, representatives are required to disclose stock sale
transactions within a prescribed number of days or face
penalties. The requirement is aimed at tackling any appearances
of a conflict of interest by House members who could be working
on legislation affecting companies or certain investors.
Pelosi added that any suspicions of insider trading by members
of Congress would be subject to investigation by the U.S.
Department of Justice.
Her remarks were a departure from a month ago when she defended
lawmakers engaging in stock market trading.
On Thursday, Pelosi prefaced her remarks by saying she had
"great confidence in the integrity of my members."
"To give a blanket attitude of we can't do this and we can't do
that because we can't be trusted, I just don't buy into that,"
the top House Democrat said.
The House Administration Committee, which would have primary
jurisdiction over such legislation, is reviewing bills that are
being drafted, Pelosi said.
Meantime, Pelosi criticized the U.S. Supreme Court for having
lax rules. "When we go forward with anything let's take the
Supreme Court with us to have disclosure," she said.
(Reporting by Richard Cowan; editing by Jonathan Oatis)
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