India, April 29 -- Missouri Senator Josh Hawley reintroduced an unpopular piece of legislation which seeks to limit members' trading of stocks during their active terms. He presented a new version of his bill on Monday, which prohibits lawmakers and their married partners from handling or possessing single stocks throughout their congressional service period.

The bill has a striking name: the PELOSI Act. Officially known as the 'Preventing Elected Leaders from Owning Securities and Investments' Act, the acronym directly references former House Speaker Nancy Pelosi.

"Members of Congress should be fighting for the people they were elected to serve-not day trading at the expense of their constituents," Senator Hawley stated in an official ...