"Members of Congress should be fighting for the people they were elected to serve — not day trading at the expense of their constituents," Hawley wrote in a statement.
"Americans have seen politician after politician turn a profit using information not available to the general public. It's time we ban all members of Congress from trading and holding stocks and restore Americans' trust in our nation's legislative body."
The bill is named after former House Speaker Nancy Pelosi, D-Calif., because her husband has drawn scrutiny for millions in suspected insider trading.
In Sherrill's case, her office in April 2020 said she moved away from trading individual stocks before the pandemic and before receiving briefings on it. However, the Free Beacon reported she made dozens of more trades July 17, 2020.