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Bessent rips Pelosi, calls for single-stock trading ban in Congress
- Treasury Secretary Scott Bessent is advocating for a ban on single-stock trading by members of Congress, arguing that it undermines public trust in elected officials.
- Bessent stated that the significant profits made by lawmakers, particularly from Nancy Pelosi and Ron Wyden, are comparable to those of hedge funds, raising ethical concerns.
- Senator Josh Hawley reintroduced the PELOSI Act to prevent members of Congress and their families from owning stocks, citing ethical issues with lawmakers profiting from insider information.
- Despite bipartisan agreement on the issue, some members of Congress oppose the ban, while others support increased regulation to combat potential insider trading.
16 Articles
16 Articles
Congressional Stock Trading Ban Gains Momentum
Treasury Secretary Scott Bessent is calling for an end to individual stock trading by members of Congress, citing “eye-popping” profits that would make Wall Street hedge funds envious. His remarks have intensified demands for legislative action to restore public trust in elected officials. Recent proposals, including a Senate bill by Sen. Josh Hawley, aim to crack down on lawmakers profiting from privileged information. Bessent issued the warnin…
Bessent Calls For Congressional Stock Trading Ban, Pelosi Investigation
Treasury Secretary Scott Bessent reiterated the Trump Administration’s desire for a ban on congressional stock trading, as well as a formal investigation into former House Speaker Nancy Pelosi (D-CA) over allegations of using insider knowledge to profit. “I am going to start pushing for a single-stock trading ban, because it is the credibility of the House and the Senate,” Bessent said Wednesday while speaking with Bloomberg TV. “You look at som…
Treasury's Bessent urges ban on congress members trading individual stocks
US Treasury Secretary Scott Bessent urged banning single-stock trades by Congress members, citing public trust concerns, as bipartisan pushes for legislation face resistance and political clashes over alleged conflicts of interest intensify.
Scott Bessent to Push for Ban on 'Single-Stock Trading' in Congress
Treasury Secretary Scott Bessent revealed that he would be pushing for a ban on "single-stock trading" for members of the United States Congress, noting that the "American people deserve better." The post Scott Bessent to Push for Ban on ‘Single-Stock Trading’ in Congress appeared first on Breitbart.
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