Treasury Secretary Scott Bessent has dropped a bombshell, urging a ban on single-stock trading for members of Congress to restore trust in our nation’s leaders.
Breitbart reported that during a Bloomberg Television interview, Bessent is championing a prohibition on individual stock trades by House and Senate members, spotlighting eyebrow-raising financial gains by political heavyweights like former House Speaker Nancy Pelosi and Senator Ron Wyden.
Bessent didn’t mince words, stating, “American people deserve better.” Well, isn’t that the understatement of the year? When elected officials seem to outpace Wall Street wizards, it’s hard not to wonder if public service has turned into a personal profit scheme.
Bessent Calls Out Eye-Popping Returns
“I am going to start pushing for this single-stock trading ban,” Bessent declared, pointing to the “credibility of the House and the Senate” being at stake.
Those staggering returns by Pelosi and Wyden? They’d make any hedge fund green with envy, and it’s high time we question how such gains align with a public servant’s paycheck.
Bessent also noted there’s no “perfect bill yet” for President Donald Trump to sign on this issue. That’s a polite way of saying Congress needs to get its act together. If we’re serious about draining the swamp, this kind of legislation should be priority number one.
President Trump himself weighed in, accusing Pelosi and her husband, Paul, of beating “every Hedge Fund” in financial performance. That’s quite the claim, and it fuels the fire of suspicion about whether privileged information is padding certain portfolios. The optics here are, frankly, abysmal.
Meanwhile, Sen. Josh Hawley of Missouri is stepping up with the Preventing Elected Leaders from Owning Securities and Investments Act, aptly named the PELOSI Act.
Discussed on The Alex Marlow Show with Breitbart Editor-in-Chief Alex Marlow, this bill aims to stop members of Congress and their families from trading or holding stocks. It’s a direct shot at curbing potential conflicts of interest.
Hawley didn’t hold back, questioning how Pelosi amassed “hundreds of millions” on a salary barely over $200,000. “You don’t do it legally,” he quipped, and that sharp observation cuts to the core of public skepticism. If this isn’t a wake-up call for reform, what is?
Digging deeper, Hawley mused that either Pelosi is a “financial genius” or the information she accesses is “pretty darn valuable.” That’s a diplomatic way to hint at insider trading without saying the quiet part out loud. The American public isn’t naive—we see the scoreboard, and it doesn’t add up.
Historical Context of Insider Allegations
These concerns aren’t new; back in 2013, Peter Schweizer, President of the Government Accountability Institute and Breitbart News Senior Contributor, exposed allegations of insider trading in Congress. His book, “Throw Them All Out,” laid bare some uncomfortable truths. It’s a reminder that this issue has festered for far too long.
Schweizer’s reporting, followed by Breitbart News, even unearthed evidence implicating former Rep. Spencer Bachus of Alabama in questionable trades. The fallout was significant—Bachus soon announced he wouldn’t seek re-election. That’s the kind of accountability we need more of, not less.
Bessent’s push aligns with a growing chorus demanding that public office isn’t a ticket to personal enrichment. “Shouldn’t come to Washington, D.C. to get rich,” he insisted, and it’s hard to argue with that basic principle. Service over self-interest should be the bedrock of governance.
The credibility of our institutions is on the line when elected officials appear to prioritize stock portfolios over constituents.
If Bessent’s initiative gains traction, it could mark a turning point in how we view ethical standards in Congress. The question is whether lawmakers will put country before capital gains.
While progressive agendas often dominate headlines with divisive social policies, this issue cuts across party lines and speaks to core American values of fairness and transparency. It’s not about left or right—it’s about right and wrong. Let’s hope Congress listens before public trust erodes further.
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Author: Sophia Turner
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