Will congressional stock trading be banned?

 Trending Politics:

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 some of these eye-popping returns — whether it is Rep. Pelosi, Sen. Wyden — every hedge fund would be jealous of them. And the American people deserve better than this,” the treasury secretary added.

Bessent’s most recent comments come as bipartisan support for a stock trading ban continues to grow, in addition to rising public support for such a move. Current law prohibits insider trading by lawmakers and requires more disclosures, though critics argue the law does not do nearly enough to prevent insider trading.

“People shouldn’t come to Washington to get rich, they should come to serve the American people, and it brings down trust in the system because I can tell you that if any private citizen traded this way, the SEC [Securities and Exchange Commission] would be knocking on their door,” Bessent said.
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Insider trading is already against the law, and the SEC should bring cases against those in Congress who engage in it.  Congress critters should not be exempt from the law.

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