Discussion · House of Representatives
Joseph D. Morelle Democrat
“This bill stops members of Congress from trading stocks, but it leaves out the president, vice president, cabinet, and Supreme Court. President Trump has traded more stocks than all members of Congress combined. If we want people to trust us, this bill must apply to those leaders too.”
“Mr. Speaker, I yield myself such time as I may consume. Before I yield to my friend, I didn’t say this in my opening comments, but it is remarkable, if we are working so hard and endeavoring to convince the American people that they can have faith in what we do as it relates to insider information and moving markets, I find it extraordinary that we would not include the President, Vice President, or members of the Cabinet or the Supreme Court in a bill to make sure that they are not participating. In fact, this is well known, and it has been well reported: Since Inauguration Day of last year, President Trump has had more trades individually than have all the Members of the United States House and Senate. That is 535 Members, and do you know who out-traded them all combined? President Trump. He is not in this bill. He is not in it. The Vice President is not in it. The Supreme Court is not in it. In fact, the President, Truth Social, is about to enter into selling access through an app that people will pay for that will give them information on market moves. It is extraordinary that we would somehow suggest that we are protecting the public’s interest, that we care deeply about restoring faith in Washington, when there is a hole that you can drive many semi- trucks through if we are really trying to clean up this country and restore faith with the American people. Mr. Speaker, I yield 1 minute to the distinguished gentleman from Wisconsin (Mr. Pocan), my colleague from the Appropriations Committee.”
Mr. Speaker, I yield myself such time as I may consume. Before I yield to my friend, I didn’t say this in my opening comments, but it is remarkable, if we are working so hard and endeavoring to convince the American people that they can have faith in what we do as it relates to insider information and moving markets, I find it extraordinary that we would not include the President, Vice President, or members of the Cabinet or the Supreme Court in a bill to make sure that they are not participating. In fact, this is well known, and it has been well reported: Since Inauguration Day of last year, President Trump has had more trades individually than have all the Members of the United States House and Senate. That is 535 Members, and do you know who out-traded them all combined? President Trump. He is not in this bill. He is not in it. The Vice President is not in it. The Supreme Court is not in it. In fact, the President, Truth Social, is about to enter into selling access through an app that people will pay for that will give them information on market moves. It is extraordinary that we would somehow suggest that we are protecting the public’s interest, that we care deeply about restoring faith in Washington, when there is a hole that you can drive many semi- trucks through if we are really trying to clean up this country and restore faith with the American people. Mr. Speaker, I yield 1 minute to the distinguished gentleman from Wisconsin (Mr. Pocan), my colleague from the Appropriations Committee.