Responding to news that Democrats would soon release the framework for a long-awaited stock pan proposal, Fisher said on CNBC's Squawk Box: 'Clearly people have taken advantage of insider information forever. I'm not against their tapping that down. I'm sorry to see that Paul Pelosi, Nancy Pelosi and others appear - all appearance right now we don't know the facts - to have taken advantage of insider information.'
'Something needs to be done.'

Former Dallas Federal Reserve President Richard Fisher said Thursday on CNBC that and Speaker Nancy Pelosi and her husband 'appear' to have taken advantage of insider information with Paul's many lucrative stock trades
The stock ban framework would force members of Congress, their spouses and senior staff to place assets in either a qualified blind trust or completely sell them off. Lawmakers, spouses and staff would still be able to hold mutual funds.
Leadership's goal is to get the legislation through the House in September, according to Punchbowl News.

Rep. Zoe Lofgren, D-Calif., who as head of the House Administration Committee has been tasked with reviewing the different proposals, told DailyMail.com on Friday the framework would be out 'in the coming weeks.'
Last week congressional stock purchases were again under fire after Speaker Nancy Pelosi's husband Paul purchased over $1 million in shares of semiconductor firm Nvidia as Congress was negotiating the a bill to inject billions into the semiconductor chip industry