Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Politics

Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

by admin August 1, 2025
August 1, 2025
Trump backs stock trading ban so lawmakers like Pelosi can’t continue ‘ripping off’ constituents, WH claims

The White House made digs at former House Speaker Nancy Pelosi at a Thursday press briefing, saying she’s the reason Congress is eyeing a measure to ban all lawmakers from trading stocks. 

On Wednesday, President Donald Trump accused Pelosi of accruing her wealth ‘by having inside information’ in stock trading.

‘The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi,’ White House press secretary Karoline Leavitt told reporters Thursday. ‘I mean, she is rightfully criticized because she makes $174,000 a year. Yet she has a net worth of approximately $413 million. In 2024, Nancy Pelosi’s stock portfolio — this was a fascinating statistic to me — grew 70% in one year in 2024.’ 

‘I think the president stands with the American people on this,’ Leavitt said. ‘He doesn’t want to see people like Nancy Pelosi enriching themselves off of public service and ripping off their constituents in the process.’ 

Pelosi addressed Trump’s comments during an interview Wednesday with CNN’s Jake Tapper, where she herself accused Trump of ‘projecting.’ 

‘That‘s ridiculous,’ Pelosi said Wednesday. ‘In fact, I very much support the stop the trading of members of Congress. Not that I think anybody is doing anything wrong. If they are, they are prosecuted, and they go to jail. But because of the confidence it instills in the American people, don‘t worry about this.’ 

‘But I have no concern about the obvious investments that have been made over time,’ Pelosi said. ‘I‘m not into it. My husband is, but it isn‘t anything to do with anything insider.’ 

Pelosi spokesman Ian Krager said in a statement to Fox News Digital: ‘Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions.’ 

The lawmaker previously has come under scrutiny for insider trading, including in 2022 after Paul Pelosi purchased more than $1 million in shares of semiconductor company Nvidia prior to Congress voting on a subsidy to the industry. The purchase was revealed in a disclosure filing from Nancy Pelosi’s office. 

The issue has received renewed attention after the Senate Homeland Security and Government Affairs Committee Wednesday passed the Honest Act that Sen. Josh Hawley, R-Mo., has championed. 

The measure, which Hawley first introduced as the Preventing Elected Leaders from Owning Securities and Investments Act, or PELOSI Act, would bar all lawmakers and their spouses from trading stocks in office. 

Fox News’ Lindsay Kornick contributed to this report. 

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Huckabee, Witkoff slated for high-stakes Gaza visit to address ‘dire’ starvation crisis
next post
Homesick GOP senators mull throwing out the rules over stonewalling Dems

Related Posts

Speaker Johnson says House will match Trump’s pace...

February 10, 2025

Former VP Harris reportedly asking Hillary Clinton for...

January 24, 2025

Republicans advance Trump ally’s Gulf of America bill...

May 6, 2025

House Democrat presses DOJ on Ghislaine Maxwell prison...

August 14, 2025

The prosecution’s star witness against Trump, Michael Cohen,...

May 11, 2024

Trump has Mexico on the ropes

March 19, 2025

Putin mulls striking Kyiv with new hypersonic missile...

November 29, 2024

Trump team signs memorandum of understanding with Biden...

November 27, 2024

Dem rep says she was ‘angry at first’...

July 24, 2024

AOC claims Republicans will ‘trick’ Americans into identity...

April 16, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • ‘There are 50 swamps’: State Freedom Caucus Network helps conservatives fight the ‘uniparty’

      August 22, 2025
    • ‘Maine’s Mamdani’: Maine GOP chief issues warning about new challenger looking to oust Susan Collins

      August 22, 2025
    • Federal judge rules Trump appointee Alina Habba is unlawfully serving as US attorney

      August 22, 2025
    • Pentagon unveils new medal for troops deployed in Trump’s southern border crackdown

      August 22, 2025
    • Zelenskyy seeks ‘strong reaction’ from US if Putin is not ready for bilateral meeting

      August 22, 2025

    Categories

    • Business (1,073)
    • Investing (2,887)
    • Politics (3,527)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved