Nancy Pelosi, House Speaker, is married to a successful investor and businessman. AlphabetThe stock of’s popped Wednesday.

Paul Pelosi purchased call options that were tied to Alphabet’s equity performance, Micron chipmaker, and Walt Disney Co. in December for millions of dollars. after the speaker said she opposedIt bans members of Congress who own individual stocks. It is possible to also a growing push by several senators and representativesTo limit the stock ownership of lawmakers and their spouses.

Congress members and their spouses have the right to buy or sell securities, including bonds. However, they must notify their spouses and file such disclosures within 45 days of the STOCK Act. Paul Pelosi made sure that his option purchases were reported within the law by December 31st.

In January, Alphabet and Micron took some damage amid the wider sell-off of tech stocks. a glowing earnings report from Alphabet on TuesdayIts shares rose more than 7 percent in the trading session on Wednesday. That spike puts Alphabet’s Class C shares up about 2.3% over the past month, well ahead of the S&P 500’s loss of 3.7%.

According to documents, Paul Pelosi purchased 10 Alphabet options at a strike price $2,000 and an expiration date of mid-September 2022. The in-the money purchase of Alphabet call options is an attempt to bet on the stock market that Alphabet will continue trading at a high level beyond its strike price until mid-September.

The premium he paid to purchase the options contracts will play a role in whether or not he makes a profit. His Alphabet options gains were a source of his previous income. last summer.

Pelosi’s Dec. 15 speech in which she claimed that Speaker Obama had caused backlash she opposed a renewed effort to crack downMembers of Congress and their spouses can trade securities.

When asked by reporters whether she supported such a ban, Pelosi (D-Calif.) replied “No,” She said, “We are a free-market economy.” She said, “They should be allowed to participate in that.”

Later on, she stated that such ownership limits would be allowed to move in the House if supported by her caucus.

CNBC asked a representative of Speaker Pelosi about whether Paul Pelosi owns the call options in Alphabet.

An increasing number of bipartisan legislators believe that trading activities by members of Congress before and during the worst Covid-19 pandemic suggest that public officials may be profiting from information being made public before it is.

The Securities and Exchange Commission, Wall Street’s top regulator, is investigating whether stock sales made by GOP Sen. Richard BurrInsider trading was a crime in North Carolina right before 2020 lockdowns. Burr, Senator Dianne Feinstein, D.Calif. and Oklahoma Republican Sen. Jim Itohue were not subject to the Justice Department’s own investigations.

Jon Ossoff from Georgia is a new Democratic senator. emerged as a champion of stricter trading rules forCapitol Hill. He had earlier introduced legislation to require members of Congress along with spouses or dependents, to transfer their assets into blind trusts.

Ossoff declared last month, “I advocate banning stock trade by members of Congress who are responsible for making policy and who have access information about economic forecasting.”

Progressive Democrats, Sen. Elizabeth Warren in Massachusetts and Rep. Alexandria Ocasio-Cortez from New York also supported tighter regulation for lawmakers and their spouses.

Ocasio Cortez stated in an article dated December 7. “It’s absurd that members of Congress could hold and trade individual stocks while in office,” Ocasio Cortez said. “The public should have access to the information and influence that we possess. Not for our own profit. We shouldn’t allow individuals to trade stocks with information we hold.

The Democrats may not be the only one who longs for more regulation.

House Republican leaders discussed ways to improve their ability to communicate with the public in closed-door sessions. campaign on the issue of limiting stock tradingOn Capitol Hill. House Minority leader Kevin McCarthy, R.Calif., and the other top GOP members discussed this topic with the top GOP donors last week in Miami. People briefed on it told CNBC.

As bipartisan though the efforts to crack down on stock trades in the Congress is, opposition comes from all sides.

“We could continue to give people more reasons to not take part in politics.” CNBC spoke Wednesday morning with Senator Pat Toomey of Pennsylvania. The disclosure system we have is very thorough. Each transaction must be reported. All assets also have to reported. It is possible to see the actions of Congressmen and come up with their own conclusions.

Later, Rep. Ro Kanna, a Democrat in California, stated that recent trades worth over a million dollars, filed under him, were in fact made by his spouse.

“I do not trade and support banning trade. This is my wife’s money. I have no legal rights to it. He said that it was before they were married and that I didn’t give her any information about what she could do with the money. Although I am against stock trading, and having never traded stocks myself, I strongly support banning members of Congress from trading stocks. This should not apply to spouse assets that were acquired before marriage. This would be unjust.

One of the first tweet profiles to spotlight the Pelosi was created by CongressTrading.com trades and potential windfall.