Connect with us

Politics

WATCH: Nancy Pelosi Trips Over Her Words In Response To Trump’s Stock Trading Call-Out

Published

4 hours ago

on

President Donald Trump used one of the most-watched political stages of the year to revive a familiar feud.

During his Tuesday State of the Union address, Trump urged Congress to pass the Stop Insider Trading Act, legislation designed to bar members of Congress and their immediate families from buying and selling individual stocks. The proposal is intended to prevent lawmakers from profiting off nonpublic information obtained through their official duties.

“Let’s also ensure that members of Congress cannot corruptly profit from using insider information,” Trump said, a line that drew lawmakers from both parties to their feet in applause.

“They stood up for that. I can’t believe it. I can’t believe it. Did Nancy Pelosi stand up — if she’s here? Doubt it,” Trump added.

WATCH:

Pelosi responded to the president’s comments during a Tuesday appearance on CNN, where she was interviewed by Kasie Hunt.

“There was one moment, Madam Speaker, where he called you out specifically around, of course, congressional stock trading. What do you say back to him?” Hunt asked.

“I say back to him, as that’s what members said, look at your own self,” Pelosi claimed. “The inference he wants to draw is there was something wrong with that, which there wasn’t, and if there was, people get prosecuted for it. For a long time now we’ve been trying to pass this law. It doesn’t have — now it has more support than it had before.”

Before she was able to finish her point, Hunt jumped in, pointing out that Sen. Elizabeth Warren (D-MA) “stood and applauded” during the president’s remarks on the issue.

“Well, we all did. I did too,” Pelosi responded. “He said, ‘Did Nancy stand up?’ Yeah, I did too. A lot of people stood up, a lot of Democrats stood up.”

WATCH:

The Stop Insider Trading Act has circulated in various forms for years, attracting support from lawmakers across party lines amid growing public frustration over congressional stock trading. The legislation, sponsored by Republicans and introduced in January by Rep. Bryan Steil (R-WI) would significantly expand on the 2012 STOCK Act.

That earlier law already prohibits members of Congress and other federal officials from trading on nonpublic information and requires them to disclose stock transactions. The new proposal would go further. It would bar members of Congress, along with their spouses and dependent children, from purchasing individual publicly traded stocks altogether.

Lawmakers who still hold shares would also be required to provide advance public notice before selling them, a provision commonly described as a seven day disclosure window. Backers say the aim is not only to prevent illegal insider trading but also to eliminate the perception that elected officials can benefit financially from information tied to their official responsibilities.

Although the measure has cleared a House committee and attracted some bipartisan interest, its path forward remains uncertain. It would still need approval from the full House and then the Senate, where some lawmakers have questioned whether the proposal goes too far or not far enough.

For now, the debate reflects a growing consensus that existing safeguards have not been enough to quell public skepticism.

Download the FREE Trending Politics App to get the latest news FIRST >>

Add Trending Politics as your preferred source on Google

Related Topics: