Paul Pelosi, husband to House Speaker Nancy Pelosi (D-CA), sold up to $5 million in semiconductor shares that he had recently purchased before the Senate voted on a major computer chip subsidy bill on Wednesday.
Two weeks prior, Paul Pelosi bought 20,000 shares worth between $1 million and $5 million in semiconductor company Nvidia. However, in a disclosure report from Nancy Pelosi filed on Tuesday, it was revealed he sold off 25,000 shares of the Nvidia stock at an average price of $165.05 for a total loss of $341,365.
One day after the disclosure report was filed, the Senate, in a 64-33 vote, passed the $280 billion CHIPS Act, part of which gives a $52 billion subsidy to the semiconductor industry.
The House is expected