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James P. McGovern

Democrat 12:20 p.m.

“I don't like Republicans. They are bad. Things are worse now. They promised things would be better. But things are not better. They are worse. Prices are high. Gas is expensive. War is bad. Healthcare is expensive. Republican policies only help rich people. This bill spends a lot of money. It won't help people. It will increase the debt. Republicans used to care about debt. But not anymore. I think Republicans are out of touch. Their policies are bad. Things are better for rich people. But not for everyone else.”

Official Congressional Record

Mr. Speaker, I thank the gentlewoman from North Carolina for yielding me the customary time, and I yield myself such time as I may consume. Mr. Speaker, this Congress is an absolute mess. The gentlewoman from North Carolina says that our rhetoric doesn't carry a bit of substance. But let me begin by asking a question of the American people, a very simple question: Are you better off today than you were 1\1/2\ years ago? It has been 18 months since Donald Trump returned to the White House. Republicans have controlled every lever of power in Washington for over 1\1/2\ years. They control the House. They control the Senate. They control the White House. They even control the Supreme Court. That is the one simple question to me that matters more than anything else that we will debate today. In fact, it is the only thing that matters, really. Is it easier to fill up your gas tank? Are your rent bills more affordable? Are your groceries cheaper? Have your prescription medicine costs gone down? Does your paycheck go further? In short, Mr. Speaker, has life gotten easier for anybody over these last 18 months, or has it gotten harder? I think most people, including most Republicans, if they are being honest with themselves, know the answer. They don't need a politician or a fancy economics degree to say that things are not better. They are not better. In fact, they will tell you that things are worse--much, much worse. They see it every time they tap their credit card at the gas station. They see it every time they check out at a grocery store. They see it every month when their rent is due, when their electric bill comes in, and when the pharmacist says that their kids' medicine is more expensive. They see it when their paycheck just doesn't go as far as it used to. This is the Republican economy. These are their prices, and it is their policies that have failed America miserably. Donald Trump and Republicans promised they would use their power to lower costs on day one. Well, it is year two, and costs are not lower, which by any definition would make that a broken promise. Mr. Speaker, why are prices up? Why is life harder? Why are things worse off now? The reason is simple: It is because instead of working with Democrats to fight for everyday people, Republicans have made one decision after another to help the rich and the powerful and, basically, hurt everybody else. I have example after example. Are things better off because of Trump's tariffs, Mr. Speaker? The tariffs the New York Federal Reserve says are almost exclusively paid by American consumers, American farmers, American manufacturers, and American companies, does that make anybody better off? I don't think most people would say that tariffs have made their lives better. I would say that the tariffs have made their lives worse, more expensive, more difficult. What about the war in Iran--a new, endless, illegal war, another one of Donald Trump's broken promises? Does anyone think that has made life better for the American people? Maybe it has made life better for defense contractors. Maybe it has for the crazy neocon warmongers who get a kick out of another war, but not for everyday people. We have spent probably well over $100 billion on this illegal and reckless war. That is $100 billion. That is not helping make sure that Americans don't go hungry. That is not lowering healthcare costs, lowering people's rents, or lowering gas prices. It is on this crazy war, a war of choice that the President had no plan for. He doesn't know what the hell he is going to do next. This is nuts. In fact, we are now 5 months into a war that these guys said would only last a couple of weeks. They have declared victory like six times, yet the Strait of Hormuz is still closed. More American troops, sadly, were killed this weekend. Gas prices are back above $4 a gallon. Inflation continues to skyrocket. Does anybody think that has made life better for most Americans? There has been 5 months of war in the Middle East. I can go right down the line. Republicans promised better healthcare. Instead, they passed a law that takes hundreds of billions of dollars out of Medicaid and leaves millions more people uninsured. How the hell does that make anybody's life better? Republicans promised lower taxes, except they chose another tax giveaway for those at the very top, and they pat themselves on the back for the pennies they gave to everyone else. Has that made life better for people? After 18 months of higher costs, more inflation, new wars, costly tariffs, and stunning, stunning corruption, now they are bringing us a continuing resolution that kicks the can down the road. They are bringing us a pathetic excuse of a stock trading ban that fails to address the much larger culture of corruption and self-dealing coming out of the White House, and they are bringing us a budget framework authorizing $73 billion for Trump's illegal Iran war, $12 billion as a Band-Aid to help farmers that their policies continue to hurt, and another $10 billion to rig the November elections. That is nearly $100 billion in new spending with no offsets, meaning this bill could very well increase the debt by over $100 billion. Whatever happened to the old-fashioned Republicans who wanted to pay for things, who didn't want to increase the deficit or the debt? I guess that is a thing of the past. Not one thing in this reconciliation bill, by the way--not a single damned thing--will be about affordability. Not one thing will lower prices. That is called being out of touch, Mr. Speaker. There will be time to debate their crummy bills on the floor this week, but this hour is about priorities, and Republicans have their priorities all out of whack. Their agenda has only made things better for those at the top, for the Mar-a-Lago members and CEOs with private jets, the donor class and the corporate special interests. Things are better for them, but for the rest of America, their agenda has been a disaster. The policies of this Republican Congress are a dumpster fire for everyday people, a total disaster. Their tariffs are crushing people. Their war is driving up costs. Their toxic environmental policies are filling our air with smoke and our food with parasites, and Americans are dying in the Middle East for their war. Again, Mr. Speaker, when I go back home and I ask people if they are better off than they were 18 months ago, they don't even answer. They laugh because it is such a ridiculous question. It is so obvious that all of us are worse off because of this Republican majority and because of this administration, which cares only about not hurting the President's fragile feelings and delicate ego. Mr. Speaker, I reserve the balance of my time.

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James P. McGovern

Democrat 12:30 p.m.

“I want to talk about other things. I don't want to talk about the bill. I want you to talk about other crises. There are many things I want you to talk about. I want you to blame the President. The President is bad. I want to blame the President for a war. That war is bad. It's not national security. I want people to agree with me. I want to bring up a whole new topic. There is corruption. I want you to talk about corruption. I want to blame the President. He makes money and that is bad. I want you to say he is corrupt. I want a different bill. I want my bill to be considered. I want to limit stock trading more than the other bill. I want my way. I want this to come to a vote. I don't want you to vote against my idea.”

Official Congressional Record

Mr. Speaker, I am a little confused. The gentleman who just spoke maybe doesn't know this, but the government funding deadline isn't for months away, and he is scolding us as if it is now. I am going to tell you what the crisis is right now. It is that people can't afford to live. The gentlewoman from North Carolina said that our priority is about national security and national defense. I have news for her. National security means more than the number of bombs we have. It also means healthcare for people. It means whether people can afford food, whether they can afford rent, whether they can afford to put gas in the tank of their car or pay their everyday bills, and whether they have a good job that allows them to support their family. Those are all sources of our national defense and our national security. I will just say one other thing. I don't know how the hell our national defense and national security are served when the President takes us into an illegal, risky war in the Middle East, a war of choice, that he has no plan for. Our troops are being put into harm's way, and this President has no plan about how to conduct this war or what the heck he is doing there. That is not national security. Mr. Speaker, I urge that we defeat the previous question. If we do that, I will offer an amendment to the rule to make in order an amendment to H.R. 7008 consisting of the text of H.R. 6731, the Restore Trust in Government Act. This bill is the Democratic proposal for a more comprehensive and robust stock trading ban than is found in the Republican plan. It is one which also includes the President of the United States and the Vice President. There is a level of corruption that we have never ever seen in the White House. What is the response from our Republican colleagues? Silence. They are scared of the guy in the White House. They won't challenge this corruption, so he makes billions and billions of dollars while hardworking Americans struggle. Mr. Speaker, in the first year of his term, President Trump cashed in to the tune of more than $2 billion--billion with a b. In 2025 alone, the President completed over 21,000 stock trades. His investment accounts grew by over $850 million. He tweets out glowing endorsements of companies after he buys their stocks. Now, he is considering having people pay to get early access to his social media posts so they can cash in, too. We need to ensure that people can trust their government to work for them and not enrich himself. This means banning stock ownership by Members and by this President. That is what the Democratic proposal will do. Let the House decide and make this amendment in order. That is all we are asking, is to allow us to have this debate. You can vote however you want. Mr. Speaker, I ask unanimous consent to insert the text of my amendment into the Record, along with any extraneous material, immediately prior to the vote on the previous question.

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Pramila Jayapal

Democrat 12:40 p.m.

“I want to blame you. Your bill is bad. You are bad. The other side is bad and mean. My bill is good. I want my bill. I want to talk about corruption. There is corruption. I want you to talk about corruption. I want to bring up a whole new topic. I want to talk about the President. The President is bad. He makes money and that is bad. I want you to say he is corrupt. I want to talk about my bill. My bill is good. I want my way. I want this to come to a vote. I don't want you to vote against my idea.”

Official Congressional Record

Mr. Speaker, let me be clear about what my colleagues are trying to do in their bill that they are advancing. They are trying to advance a fake stock trading ban. I want to be very clear: Their bill does not block insider trading, no matter what it is called. It does not ban stock trading, which is the number one issue for over 80 percent of Americans who want Members of Congress to stop padding their own pockets instead of addressing their constituents' interests, things like ending the illegal war in Iran, bringing down gas prices, bringing down grocery prices, and investing in housing. None of that is going to be protected. Their bill allows Members to still purchase private stocks, keep public stocks that they already own, and act on legislative matters that directly increase the value of their stocks. It allows Members to continue selling stocks that they know will decrease in value based on insider information they got while in Congress. Their bill would do nothing to stop Congressman Rob Bresnahan, who just last year dumped $130,000 worth of stock in four Medicaid providers before he voted to slash Medicaid for constituents and people across the country. It would do nothing to stop Congresswoman Lisa McClain, whose husband bought at least $100,000 worth of stock in Elon Musk's AI company shortly before its model was adopted by the Defense Department. A Common Cause report published at the end of 2025 said that Members of Congress made 13,324 trades, totaling a whopping $635 million in 2025. This is absurd. No wonder we are governing in a moment when public trust is at historical lows. Only 2 in 10 Americans trust the government to do what is right for them, and they are constantly seeing their elected officials selling them out to the highest bidder. They see the people elected to represent them instead making decisions to increase their own personal wealth and pad their profits. Who is to blame for thinking that there is no trust in Congress, in the government, when there is a President who is openly profiting from the American people? He generated at least $2.2 billion in income in his first full year in office. Now, he is selling Wall Street firms early access to Truth Social posts, where he brings out information that is ``market movers.'' This is literally the highway to making profit. The Republican proposal is nothing but a sham to score cheap political points before they go home to their constituents. It tries to make you forget that there is a real solution that I helped co-lead called the Restore Trust in Government Act, which actually does ban stock trading. It does ban insider trading. It does root out corruption in government. It does prohibit Presidents, Vice Presidents, Members of Congress, and their dependent children, spouses, and trustees from owning and trading individual stocks. If this Republican majority were to bring that bill to the floor, if we were allowed to force a vote on these bills, they would actually pass, and Republicans would have to admit that their bill does nothing.

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James P. McGovern

Democrat 12:50 p.m.

“I heard you say we already have laws against insider trading. If we do, why are we doing this bill? Our bill will stop insider trading. We need it because there is a problem. The other side is excluding someone who breaks the law. That person is in the White House. They are making lots of money from shady deals. Richard Nixon was a Boy Scout compared to them. The American people want us to clean up Washington. That includes Congress and the executive branch. There are six bills we are talking about today. I want to read a tweet from a Republican. He says the House will pass a bailout for farmers. The war caused high prices. Tariffs caused expensive equipment. Trade disputes caused lower prices. The Republican leadership had a press conference about communism. The tweet was true. I appreciate the truth and accuracy. The situation is bad.”

Official Congressional Record

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I just want to respond to the gentlewoman. I am just a little confused. I thought I heard her say that we already have laws to deal with stock insider trading. If that is the case, then why are we doing a bill to ban stock insider trading? I mean, the bottom line is we are doing it because it is a problem, and our objection is the fact that they are basically excluding somebody who is violating the law in our face right now, blatantly, who is in the White House, who is making countless millions, if not billions, of dollars on some really shady deals. Quite frankly, it makes Richard Nixon look like a Boy Scout. I mean, the deal is the American people are sick of it. They want us to clean up Washington. That includes Congress, and that includes the executive branch. I just also would like to kind of highlight kind of the absurdity of all the stuff. We have six different bills that we are talking about here today, but I want to read a tweet from a Republican, Tom Massie. He says: ``The House will pass a $12 billion bailout for farmers suffering from high fuel & fertilizer prices caused by the Iran war, expensive equipment & parts caused by tariffs, and lower sales prices for commodities due to trade disputes with China. But the GOP is fighting communism!'' The Republican leadership had a big press conference earlier today. It was all about communism, but I have to say to Mr. Massie, I don't think I have heard truer words spoken by a Republican Member of Congress. I really appreciate that, the truth, the accuracy of what the situation is. Mr. Speaker, I yield 1\1/2\ minutes to the gentleman from Maryland (Mr. Olszewski).

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Johnny Olszewski, Jr.

Democrat 12:50 p.m.

“I don't like this bill. It doesn't do enough. It should ban stock trading completely. But I would still vote for it if it only did a little bit. I don't like the other parts of the bill. They make it harder to vote. The other side wants to make it hard to vote. They don't even help people get IDs. This bill tricks people. The other side doesn't want to fix things. They don't want to stop corruption. They won't make things cost less. People should vote no on this bill.”

Official Congressional Record

Mr. Speaker, I rise in opposition to this rule. I agree, it is past time that we ban congressional insider trading. No one should benefit from public service, but wouldn't the easiest way to do that be to just completely ban stock trading entirely, not take the baby steps attached to this bill included in the rule? Still, I was open to voting for the bill, to accept that incremental but wholly insufficient progress. What I am not open to, Mr. Speaker, is accepting modest progress on stock ethics, insufficient progress in exchange for significantly compromising American voting rights, and that is also exactly what this bill would do. It would add unnecessary and unrelated provisions that make it harder for Americans to vote. Republicans can't even be bothered to provide the IDs they would have Americans be required to have in order to vote. In fact, that was in the bill, and they took it out. That is not reform, Mr. Speaker. That is a bait-and-switch. It is one more ruse by this Republican majority to distract the public from their inability or their unwillingness, or both, to rein in costs and address corruption. The American people deserve so much better. I urge a ``no'' vote.

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James P. McGovern

Democrat 12:50 p.m.

“I don't want to talk about voter ID. I want to change the subject. Republicans are bad. They don't want to talk about real issues. They call us names. But Republicans are really bad. They do many bad things. They are fascists. Democrats are good. We want to help people afford things. But Republicans are bad.”

Official Congressional Record

Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, you know, one of the frustrating things about kind of where we are in terms of political debate in this country is that issues that really matter to regular people are being ignored or being shoved aside because, quite frankly, Republicans don't want to do anything about it. They know that their agenda is unpopular. They know that people are struggling with the issue of affordability. They know that people are having a tough time paying their rent, filling up their gas tanks, affording healthcare costs--I can go on and on and on--buying food, and they don't want to talk about that. They know that the American people kind of are sick and tired of what they are doing here, and so they are trying to divert attention. I just want to address something that happened this morning, and that is the Republican leadership in this House held this wackadoodle press conference. I have never quite seen anything like it, trying to divert attention away from issues of affordability and get people to look someplace else. Basically, the Republican Party's new favorite talking point is calling Democrats Communists. I mean, oh, my God, Mr. Speaker, I mean, really? Really? Communists? Did we accidentally step into a time machine? I get it. I get it. They don't want to talk about the real issues, the bread-and-butter issues. They don't want to talk about affordability. I guess my question is, is Joe McCarthy back from the dead? It sounds like that is who wrote all the garbage coming from Republicans about communism. These guys dust off the same, tired, old talking points every time they are backed into a corner. Every time a new poll comes out saying that their economic agenda sucks, what they do is they change the subject. They try to divert attention. It is pathetic. But, fine, if they want to play that game, let's play that game. Let's talk about the Republican Party, a party that worships one man above the Constitution in a cult of personality, a party that demonizes immigrants and says they poison the blood of our country, a party that calls the free press the enemy of the people and sics the Justice Department on journalists they don't like. It is a party that says their political opponents are internal enemies and calls them ``the enemy within.'' It is a party that is okay with invading our allies, including other democracies, and it is a party that punishes their political opponents. It is a party that has deployed troops on our own streets, that wants to use the American military on the American people. It is a party that believes any unhinged lie, fantasy, and conspiracy theory as long as it comes from one man. It is a party that tries to lock up Members of Congress for exercising their free speech rights. It is a party that has tried to violently overthrow the results of a free and fair election in the United States of America. It is a party that, in fact, pardoned everyone who invaded this building on January 6, 2021, and tried to throw out the votes of millions of Americans because the President couldn't accept a loss. How dare that party lecture anyone. How dare they talk about communism when their own party has totally lost touch not just with the founding ideals of this country but lost touch with reality itself? If we are going to start assigning political labels based on conduct, then let's call things by their proper names. The Republican Party has become the party of fascism, full stop. They have become a party of far-right fascists who are hell-bent on destroying our country and our way of life. Every single time they call us Communists, it is nothing more than a projection of their own radicalization. They don't want to talk about that, and they definitely don't want to talk about their higher grocery prices or skyrocketing gas prices or higher inflation or the cost of healthcare or their new endless illegal war that has now cost over $100 billion. Instead, they scream and they yell because they have nothing else left to offer. This would be funny, Mr. Speaker, if it weren't so pathetic and so unhinged. Mr. Speaker, Democrats are patriots who love this country enough to fight for it. We are fighting to make it easier for people to afford groceries. We are fighting to try to make it easier for people to afford rent, prescription drugs, and healthcare. We will not be lectured by a fascist Republican Party that offers the American people nothing but lies, fear, endless culture wars, and tax breaks for billionaires. Mr. Speaker, I reserve the balance of my time.

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James P. McGovern

Democrat 1:00 p.m.

“I don't want to talk about the actual bill. I brought up something from 10 years ago to change the subject. I hope that people will be distracted by talking about that instead. I want to blame Republicans. They are doing many bad things. I don't like that. I want this bill to pass so the government can claim it is helping families.”

Official Congressional Record

Mr. Speaker, I yield myself the balance of my time. Mr. Speaker, I want to return to the question I asked at the start of this debate: Are Americans better off than they were 18 months ago? Think about the family sitting at the kitchen table tonight. The rent is due. The electric bill is higher, and groceries cost more. The gas tank is on empty. A prescription is waiting at the pharmacy. Somebody is trying to figure out which bill they can put off for 1 more week. That family does not need a lecture about how great Donald Trump is. They know what life costs, and they know it costs more--much, much more--than it did 18 months ago. Eighteen months is long enough to judge a majority by its choices. There is a lot packed into this rule, a budget resolution, a continuing resolution, a Defense bill, a disability bill, a banking bill, a bill on Congressional stock trading, and a bill to rig the elections. I could go on and on and on. Republicans could not--could not--find a single provision for us to consider today about lowering the cost of housing, or lowering the cost of food, or lowering the cost of medicine or healthcare or electricity. There is nothing--nothing in anything we are going to be considering does any of that or focuses on any of those issues. They have time to weaken bank oversight. They have time to combine a watered-down stock trading bill with new restrictions on voting. They have time to bring back bills that failed weeks ago. They have time to protect the President, bail out powerful special interests, and finance another endless war. However, helping working people somehow never makes the cut. It never makes the cut. Mr. Speaker, these bills are not just stacks of paper. They are statements on our values. They tell people who matter, who gets hurt, who gets helped, and who are expected to fend for themselves. The answer from MAGA has been painfully clear, Mr. Speaker: The greedy get protected. The well-connected get rewarded, and everyone else gets told: Sorry, maybe next time. Again, I ask: Are Americans better off? The answer is ``no.'' Do the measures in this rule lower their costs, improve their healthcare, make them safer, or give them greater peace of mind? The answer is absolutely ``no.'' Nothing does that. We will hear talks about socialism and communism and all this other stuff to get people to not focus in on the fact that they are getting screwed over. The American people deserve more than excuses. They deserve more than distractions. They deserve more than another blank check for the people on top from this failed Republican majority. They deserve a government that is on their side. They deserve a government that is on their side, and that is not what they are getting here. Mr. Speaker, I urge a ``no'' vote on this rule. We have to do better. We have to do better. The American people are hurting, and my friends on the other side of the aisle behave like everything is just fine and nobody is noticing. Go and do in-person townhalls in your districts, I would say to all my colleagues who are listening, and you will get an earful. People have had it. They are fed up with the corruption in Washington. They are fed up with the policies that reward the well-off and well- connected. They are tired of getting screwed over. Mr. Speaker, I yield back the balance of my time.

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