Rand Paul: Excluding Trump from PELOSI Act is 'Crazy'

Concerns with the PELOSI Act

• 💡 Senator Rand Paul argues that the PELOSI Act, particularly its substitute amendment, is a bad idea.
• 📌 He highlights concerns about applying the act to illiquid assets like family land or stocks that have significantly declined in value.

The Substitute Amendment and Donald Trump

• 🎯 The core criticism is that the substitute amendment protects Donald Trump from the bill's provisions.
• ⚖️ Paul contends that if the bill is truly beneficial, it should apply to everyone, including the President.
• 🚫 He states that excluding Donald Trump from the act is "crazy" and unfair.

Broader Exclusions and Insider Trading

• 🚫 The substitute also excludes courts and staff, which Paul believes is also problematic.
• ⚖️ He questions whether judges and their staff should be included, especially in cases involving significant financial stakes.
• 🔍 Paul agrees with Senator Johnson that insider trading is already illegal and that the PELOSI Act may be a solution looking for publicity rather than an effective tool.

Call to Action on the Vote

• 🗳️ Paul urges a vote against the substitute if one believes it is unfair to exclude Donald Trump.
• ✅ He advocates for the principle that the act should apply to everybody or nobody.