President Donald Trump has thrown down the gauntlet on congressional stock trading — and he didn’t mince words when it came to former House Speaker Nancy Pelosi.
Speaking with Time Magazine, Trump said he would “absolutely” sign a law banning members of Congress from trading stocks, slamming Pelosi for allegedly profiting off insider information during her career in public life.
“I watched Nancy Pelosi get rich through insider information, and I would be okay with it [a ban],” Trump stated.
“If they send that to me, I would do it.”
The comment comes amid long-standing accusations that Pelosi has suspiciously timed trades that coincide with legislation and regulation that passes through Capitol Hill.
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Though Pelosi insists she personally doesn’t trade stocks, insisting its her husband Paul’s domain, her financial disclosures tell a different story. According to Quiver Quantitative, the Pelosis’ net worth has more than doubled since 2015, skyrocketing from $121 million to $253 million.
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Critics point to high-risk tech trades made just before massive price jumps — many involving companies based in or near her San Francisco district. Whether she’s behind the wheel or just a passenger, the optics are damning.
And Trump isn’t the only one calling foul. Support for banning congressional stock trading is gaining steam on both sides of the aisle, with Americans increasingly fed up with politicians whose net worth skyrockets while the average citizen struggles.
Even liberals including Jon Stewart are calling a spade a spade: Pelosi is getting away with “legal corruption.”
Now, the question remains: Will Congress have the backbone to send that bill to Trump?