Pelosi buckles, pushes stock-trading ban

House Speaker Nancy Pelosi (D-Calif.) is moving to ban stock trading on Capitol Hill, after having consistently opposed such a measure, Punchbowl News reports.

Why it matters: This adds unprecedented momentum to an issue that also has bipartisan support on the Senate side.

Pelosi's imprimatur follows building momentum in both parties: Some progressive Democrats and MAGA Republicans have united on a proposal to ban sitting lawmakers from trading individual stocks, Axios reported last month.

Pelosi, who expressed opposition to a ban in the past, and some other Democratic leaders have been slow to take up the issue, despite reported interest from House Minority Leader Kevin McCarthy (R-Calif.).