La Derecha Diario Trump's administration introduced a bill to ban trading in Congress.
The Secretary of the Treasury has caused high expectations by proposing a ban on stock trading by members of Congress
Treasury Secretary Scott Bessent has publicly proposed that members of the United States Congress be prohibited from trading individual stocks.
The measure would be in response to the impressive stock market returns of certain Democratic lawmakers, mainly those of former Speaker of the House Nancy Pelosi and Senator Ron Wyden, whose results even surpass hedge fund movements and have raised suspicions about the use of insider information.
Pelosi has for years been the subject of criticism for the mysterious and successful stock market investments made by her husband. These transactions have been followed by online observers for years.
The unbelievable stock returns of a Democratic senator.
Ron Wyden, Democratic senator from Oregon, achieved a 124% return on his stock portfolio in the past year, according to a financial analysis portal. In response to the Treasury Secretary's statements, Wyden lashed out on social media, stating that current government officials "have no moral authority to speak about ethics."
Desperate, Wyden even falsely accused Bessent of being involved in cover-up maneuvers related to the case of the now-deceased financier Jeffrey Epstein and the bank records of individuals involved in his pedophile network.
Bessent emphasized that if an ordinary citizen carried out similar transactions, he would face investigations by the Securities and Exchange Commission (SEC). The current Trump official added that lawmakers should be subject to strict rules to avoid conflicts of interest. "People shouldn't come to Washington to get rich, but to serve the people," he stated.
Bessent's proposal has left Pelosi with no choice but to express her support for a bill promoted by her Democratic peers and by Republican Senator Josh Hawley. This bill seeks to prohibit members of Congress, their spouses, and dependent children from buying or selling stocks, extending the measure to future presidents and vice presidents.
In the House of Representatives, Republican Representative Anna Paulina Luna from Florida has promised to push a motion that would force a vote on a similar bill.
This demonstrates that, despite partisan tensions, there is a growing bipartisan push to restrict stock trading by elected officials and restore public trust in the political class.
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