{"id":2475037,"date":"2025-08-15T09:23:03","date_gmt":"2025-08-15T13:23:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-trump-official-notes-suspicious-stock-gains-in-congress\/"},"modified":"2025-08-15T09:26:34","modified_gmt":"2025-08-15T13:26:34","slug":"top-trump-official-notes-suspicious-stock-gains-in-congress","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-trump-official-notes-suspicious-stock-gains-in-congress\/","title":{"rendered":"Top Trump Official Notes Suspicious Stock Gains in Congress"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-trump-official-notes-suspicious-stock-gains-in-congress%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2475037&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Treasury Secretary Scott Bessent expressed serious concerns about the significant stock gains being made by some members of Congress, supporting a ban on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pelosi-has-great-confidence-in-fellow-lawmakers-but-is-now-open-to-more-stock-trading-restrictions\/\" title=\"Pelosi Has \u2018Great Confidence\u2019 In Fellow Lawmakers, But Is Now Open To More ... Restrictions\">individual stock trading<\/a> by lawmakers. Speaking too Bloomberg, Bessent, a former <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/fncs-carlson-gamestop-saga-shows-system-is-not-the-capitalism-we-were-promised-not-even-close\/\" title=\"FNC&#039;s Carlson: GameStop Saga Shows System Is &#039;Not the Capitalism We Were Promised -- Not Even Close&#039;\">hedge fund manager<\/a>, highlighted how these returns are exceptionally high-exceeding what many hedge funds achieve-and emphasized that such profits damage the credibility of the House and Senate. He stated that members of Congress should serve the American people rather than use their positions to get rich, noting that if private citizens engaged in similar trading, the Securities and Exchange Commission (SEC) would investigate them.<\/p>\n<p>Despite several bills addressing congressional stock trading having been introduced, Bessent said he has not seen an ideal proposal yet but reiterated that heavy trading by legislators erodes trust and promotes suspicion of insider advantages. He mentioned a case where a lawmaker made over a thousand trades in a two-year period, far more than his own hedge fund.<\/p>\n<p>Former President donald Trump has also voiced support for banning individual stock trades by members of Congress, citing concerns over insider information usage by lawmakers such as Nancy pelosi, and expressing willingness to sign such legislation if presented to him. the <a href=\"https:\/\/amzn.to\/3YuVZYV\" >discussion reflects growing public<\/a> and political concern about conflicts of interest and ethical standards in Washington related to stock trading by elected officials.  <\/p>\n<div id=\"ld-4686-3758\"><\/div>\n<p><script>(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:14832835450050406,size:[0, 0],id:\"ld-4686-3758\"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src=\"https:\/\/cdn2.decide.dev\/_js\/ajs.js\";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,\"script\",\"ld-ajs\");<\/script><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>Treasury Secretary Scott Bessent voiced concern over the &ldquo;eye-popping&rdquo; stock gains some members of Congress are making, expressing support for some form of ban on individual trades.<\/p>\n<p>The senior Trump administration official told Bloomberg on Wednesday that the American people are right to be <a href=\"https:\/\/www.westernjournal.com\/report-members-congress-made-eye-watering-amount-stock-2023-10-million-average\/\" target=\"_blank\" rel=\"noopener\">concerned<\/a>.<\/p>\n<p>&ldquo;I am going to start pushing for a single stock trading ban, because it is the credibility of the House and the Senate that you look at some of these eye-popping returns,&rdquo; Bessent said.<\/p>\n<p>&ldquo;Every hedge fund would be jealous of them,&rdquo; he said of the returns earned by California Democratic Rep. Nancy Pelosi and Oregon Democratic Sen. Ron Wyden.<\/p>\n<p><a href=\"https:\/\/www.westernjournal.com\/scott-bessent-shuts-democratic-rep-hearing-detrimental-interests-us-answer-question\/\" target=\"_blank\" rel=\"noopener\">Bessent<\/a> is himself a former hedge fund manager.<\/p>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return;  \t\t\t\t\t\tconst observer=new IntersectionObserver( \t\t\t\t\t\t\t(entries)=> { \t\t\t\t\t\t\t\tentries.forEach(entry=> { \t\t\t\t\t\t\t\t\tif (entry.isIntersecting) { \t\t\t\t\t\t\t\t\t\tconsole.log(\"Paragraph is now visible:\", entry.target.textContent.trim()); \t\t\t\t\t\t\t\t\t\tloadScript(\"https:\/\/embed.sendtonews.com\/player3\/embedcode.js?fk=s28Az7AY\"); \t\t\t\t\t\t\t\t\t\tobserver.disconnect(); \t\t\t\t\t\t\t\t\t} \t\t\t\t\t\t\t\t}); \t\t\t\t\t\t\t}, \t\t\t\t\t\t\t{ threshold: 0.5 } \/\/ Adjust threshold as needed \t\t\t\t\t\t);  \t\t\t\t\t\tobserver.observe(element); \t\t\t\t\t}  \t\t\t\t\t\/\/ Find the 1st paragraph before #stnvideo and observe it \t\t\t\t\tlet paragraphToObserve=findPreviousParagraph(\"#stnvideo\", 2); \t\t\t\t\tobserveElement(paragraphToObserve); \t\t\t\t}); \t\t\t} \t\t<\/script> <\/p>\n<p>&ldquo;And you know, the American people deserve better than this. People shouldn&rsquo;t come to Washington to get rich,&rdquo; Bessent said of the massive stock profits.<\/p>\n<p>&ldquo;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 would be knocking on their door,&rdquo; he continued.<\/p>\n<p><iframe loading=\"lazy\" title=\"Scott Bessent Talks Fed Rate Cuts, Nvidia Chips, Russia, BLS | Bloomberg Talks\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/aR85WkgO8bc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Although several bills regarding <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wapo-editorial-board-endorses-ban-on-lawmakers-trading-stocks\/\" title=\"WaPo Editorial Board Endorses ... on Lawmakers ... Stocks\">congressional stock trades<\/a> have been introduced, Bessent said he has not seen the &ldquo;perfect bill&rdquo; submitted quite yet.<\/p>\n<p>He nevertheless repeated how massive stock profits undermine the institution of Congress and foster mistrust.<\/p>\n<p>&ldquo;The House and the Senate, they&rsquo;re supposed to be working for the American people, their constituents,&rdquo; Bessent said.<\/p>\n<p>&ldquo;They&rsquo;re supposed to be making law. And they shouldn&rsquo;t be trading every day. I&rsquo;m not going to name names, but there was one person in Congress who had 1,200 or 1,300 trades two years ago,&rdquo; he continued.<\/p>\n<p>&ldquo;And you know, my hedge fund didn&rsquo;t have that many trades.&rdquo;<\/p>\n<p>President Donald <a href=\"https:\/\/www.westernjournal.com\/trumps-buy-now-insider-trading-fake-news-compared-years-lawmakers-real-insider-trading\/\" target=\"_blank\" rel=\"noopener\">Trump<\/a> has previously said that he would support a ban on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/after-ethics-review-fed-bars-top-officials-from-trading-individual-stocks\/\" title=\"After Ethics Review, Fed Bars Top Officials From ... Individual Stocks\">trading individual stocks<\/a> for members of Congress.<\/p>\n<p>&ldquo;Well, I watched Nancy Pelosi get rich through insider information, and I would be OK with it. If they send that to me, I would do it,&rdquo; Trump said to <a href=\"https:\/\/time.com\/7280114\/donald-trump-2025-interview-transcript\/\" target=\"_blank\" rel=\"noopener\">Time Magazine<\/a> in April.<\/p>\n<p>He made clear that he would &ldquo;absolutely&rdquo; sign a ban.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script> \t     \t\t\t\t\t\t     \t\t\t\t\t<\/div>\n<p style=\"border: 1px solid #f5f5f5; padding: 16px;\">Advertise with The Western Journal and reach millions of highly engaged readers, while supporting our work. <a href=\"https:\/\/www.westernjournal.com\/advertise-us\/?wj_source=article\">Advertise Today<\/a>.<\/p>\n<p><script>console.log(\"ad slot (BA1)\")<\/script> \t\t<\/p>\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Scott Bessent expressed worry about the &#8220;eye-popping&#8221; stock profits that certain members of Congress are earning and voiced his support for implementing a ban on individual stock trades. The senior Trump administration official told Bloomberg on Wednesday that the American public has valid reasons to be concerned. &#8220;I am going to begin advocating for a ban on single-stock trading because it affects the credibility of both the House and Senate when you see such extraordinary returns,&#8221; Bessent said<\/p>\n","protected":false},"author":1,"featured_media":2475038,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Scott-Bessent-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[4402,53193,61331,3634],"class_list":["post-2475037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-congress","tag-insider-trading","tag-stock-gains","tag-trump"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2025\/08\/Scott-Bessent-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2475037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2475037"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2475037\/revisions"}],"predecessor-version":[{"id":2475043,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2475037\/revisions\/2475043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2475038"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2475037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2475037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2475037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}