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In his State of the Union address, President Trump <\/span>highlighted<\/span><\/a> the need to ban members of Congress from trading individual stocks. He pointed to stopping members like Nancy Pelosi, whose stock portfolio has performed extremely well \u2014 imagine that.<\/span><\/p>\n To the American citizen working hard, paying the bills, and trying to do the right thing, this is not only suspicious but also extremely frustrating. Trust is already at an all-time low. A recent Pew Research study found that just 17% of Americans<\/a> say they trust the government. That is partly because members of Congress, like Nancy Pelosi, are trading stocks.<\/span><\/p>\n To show you how big a deal this is, Nancy Pelosi earned an estimated $130 million<\/a> while in Congress, often purchasing or selling stocks just before legislative announcements affecting the industries in which she had investments. In 2024 alone, her portfolio grew by 70%. Unfortunately, this isn\u2019t just Nancy Pelosi <\/span>\u2014 <\/span>it\u2019s a problem across Congress.<\/span><\/p>\n What happens when Americans believe the system is rigged? They disengage. They stop believing their votes make a difference and that their government is working on their behalf. We need to restore confidence in elected leaders. That will not happen until the line is clearly drawn. Rebuilding trust requires accountability \u2014 and that starts with ending practices that put private profit ahead of the public interest.<\/span> It also requires transparency and rules that apply equally, without exception or delay.<\/span><\/p>\n So, to join President Trump\u2019s call to end this loophole that is eroding the trust of the American people, I introduced the Stop Insider Trading Act.<\/a> It says that if you are a member of Congress, or you\u2019re married to one, or you\u2019re the child of one, you cannot purchase individual, publicly traded stocks. To do so is wrong. This legislation is clear, enforceable, and leaves no room for loopholes. The bill also requires a seven-day public notice before sales of stocks that members and those closest to them already own can take place.<\/span><\/p>\n There have been previous attempts to ban members of Congress from trading individual stocks, but no final ban has passed. Every day, lawmakers are attending committee hearings and briefings, meeting with stakeholders, and writing and voting on legislation that could change the course of an industry. Clearly, there is a conflict of interest. How can the American people be sure their elected officials are making decisions for the public good, and not for private gain? The answer is, they can\u2019t.<\/span><\/p>\n That is why there is such strong public support for the Stop Insider Trading Act. In fact, one <\/span>poll<\/span><\/a> by the Program for Public Consultation shows that 86% of people support banning stock-trading in individual companies by members of Congress. That includes 87% of Republicans, 88% of Democrats, and 81% of Independents. Clearly, most Americans are on the same page when it comes to this issue. Yet, Congress has done nothing, further fueling public skepticism.<\/span><\/p>\n The American people deserve more out of their elected officials, and rightfully so. Considering the overwhelming support for banning members of Congress from trading individual stocks, every single member of Congress should support my Stop Insider Trading Act. If they don\u2019t, it says exactly where their priorities lie.<\/span><\/p>\n Elected leadership is about public office, not private profit. We don\u2019t let referees bet on games. Congress should not be any different. My bill makes sure that public service is actually about serving the public, not getting ahead of it.<\/span><\/p>\n If you are a lawmaker, you should not be a day trader. That\u2019s a good principle that most people agree on. Now, let\u2019s make it a law.<\/span><\/p>\n * * *<\/p>\n