Rep. Nancy Pelosi (D-Calif.), the former House Speaker, backed a congressional stock trading ban on Wednesday after a Senate panel narrowly voted to advance the bipartisan proposal.

The Honest Act, introduced by Sen. Josh Hawley (R-Mo.), was originally called the Preventing Elected Leaders from Owning Securities and Investments, or PELOSI, Act — a nod to the criticism Pelosi has faced for her husband’s extensive trading.

But, working with Democrats, Hawley dropped the contentious name and........

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