Pelosi spokesperson Drew Hammill said in a statement: 'Mr. Pelosi bought options to buy stock in this company more than a year ago and exercised them on June 17, 2022.'
'As always, he does not discuss these matters with the Speaker until trades have been made and required disclosures must be prepared and filed. Mr. Pelosi decided to sell the shares at a loss rather than allow the misinformation in the press regarding this trade to continue,' he added.
The Senate passed the CHIPS bill Wednesday and the House is expected to pass it on Thursday.
Former Dallas Federal Reserve President Richard Fisher said Thursday on CNBC Speaker Nancy Pelosi and her husband 'appear' to have taken advantage of insider information with Paul's many lucrative stock trades.