Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Bernie Sanders calls for RFK Jr. to resign...
Top Senate Republican ready to go nuclear, ‘roll...
Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant...
Altech – CERENERGY Battery 46.7M Euro German Grant...
Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy
Heliostar Presents Second Quarter 2025 Financial Results
Apollo to Proceed with 5-for-1 Share Consolidation
Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...
Former FBI Director Robert Mueller has Parkinson’s disease:...
Earthwise Advertising & Investor Awareness Campaign
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

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

previous post
GOP senators rally around effort to end ‘radical wokeness’ in HHS task force
next post
Homesick GOP senators mull throwing out the rules over stonewalling Dems

You may also like

Gingrich & Walker: Kamala Harris’ abandoned astronauts should...

September 1, 2024

White House quietly floats millionaire tax hike proposal...

April 16, 2025

JONATHAN TURLEY: Biden DOJ behind even the Times...

April 6, 2025

Bondi says all charges against doctor who allegedly...

July 13, 2025

Watchdog group sues for NASA emails with ‘Space...

September 17, 2024

‘Great asset’: Radical Dems, socialists thrilled by Harris’...

August 9, 2024

Comer calls out Biden’s ‘failure’ to get federal...

January 16, 2025

Challenges posed by Trump and Putin push UK...

June 3, 2025

‘Dr. Strangelove with a mustache’: Bolton blasted for...

August 26, 2025

FDA chief counsel who defended abortion pill under...

March 13, 2025

Recent Posts

  • Bernie Sanders calls for RFK Jr. to resign as HHS secretary over vaccine policies: ‘Rally the American people’
  • Top Senate Republican ready to go nuclear, ‘roll over’ Democrats with rule change to confirm Trump nominees
  • Altech Batteries LtdCERENERGY Battery 46.7M Euro German Grant Approval
  • Altech – CERENERGY Battery 46.7M Euro German Grant Approval
  • Locksley Resources LimitedStrengthens Leadership to Accelerate Growth Strategy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


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

    Categories

    • Business (903)
    • Investing (2,877)
    • Politics (3,527)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.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 © 2024 Sightful Invest. All Rights Reserved.