{"id":15002,"date":"2025-09-27T19:54:08","date_gmt":"2025-09-27T19:54:08","guid":{"rendered":"https:\/\/cndailynews.store\/?p=15002"},"modified":"2025-09-27T19:54:08","modified_gmt":"2025-09-27T19:54:08","slug":"white-house-backs-stock-trading-ban-as-karoline-leavitt-slams-pelosis-investments","status":"publish","type":"post","link":"https:\/\/cndailynews.store\/?p=15002","title":{"rendered":"White House Backs Stock Trading Ban as Karoline Leavitt Slams Pelosi\u2019s Investments"},"content":{"rendered":"
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The White House intensified its support for a proposed congressional stock trading ban after Press Secretary Karoline Leavitt directly criticized former House Speaker Nancy Pelosi over her controversial financial dealings.<\/p>\n

Leavitt Calls Out Pelosi<\/h3>\n
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During a press briefing, Leavitt cited Pelosi\u2019s stock portfolio as the driving force behind growing public pressure for reform.<\/p>\n

\u201cThe reason this idea\u2014to put a ban on stock trading for members of Congress\u2014is even being discussed is because of Nancy Pelosi,\u201d Leavitt said. \u201cShe earns $174,000 a year, yet has a net worth of roughly $413 million. In 2024, her portfolio grew by 70 percent, outperforming Warren Buffett and every major hedge fund on Wall Street.\u201d<\/p>\n

Leavitt argued that Pelosi\u2019s investments, combined with public distrust of Washington, highlight the need for restrictions on lawmakers enriching themselves through insider knowledge.<\/p>\n

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\u201cThe president stands with the American people,\u201d she added. \u201cHe doesn\u2019t want to see members of Congress profiting off their positions while their constituents struggle.\u201d<\/p>\n

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The PELOSI Act Gains Momentum<\/h3>\n

The criticism comes as Sen. Josh Hawley (R-Mo.) continues to push forward the\u00a0Preventing Elected Leaders from Owning Securities and Investments Act<\/em>, more commonly known as the\u00a0PELOSI Act<\/strong>. The legislation would bar lawmakers and their spouses from owning or trading individual stocks, limiting them instead to broad-based funds or U.S. Treasury bonds.<\/p>\n

Hawley has argued that the bill is necessary to restore trust in government:
\u201cMembers of Congress should be fighting for the people they were elected to serve\u2014not day trading at the expense of their constituents,\u201d he said earlier this year.<\/p>\n

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House Speaker Mike Johnson (R-La.) has voiced his support, as have several other Republicans and a handful of Democrats. President Donald Trump has also expressed interest, although disagreements over legislative details briefly sparked tension with Hawley.<\/p>\n

Political Fallout and Next Steps<\/h3>\n
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Republicans attempted to add an amendment requiring a public report on Pelosi and her husband\u2019s trades, but the measure was blocked after Hawley sided with Senate Democrats. That move drew criticism from Trump, who called Hawley a \u201csecond-tier senator\u201d on Truth Social. Hawley later described the clash as a misunderstanding, clarifying that the law would not apply to Trump or Vice President JD Vance.<\/p>\n

The bill\u2019s future now rests on negotiations between the White House and Congress. While passage is uncertain, the debate underscores how much Pelosi\u2019s financial record has shaped the conversation.<\/p>\n

For critics, Pelosi represents everything wrong with congressional trading. For her defenders, the focus risks turning bipartisan reform into a partisan feud. Either way, the pressure to act appears stronger than ever.<\/p>\n

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