In what is a major statement from the US President, Donald Trump confirmed he would sign a bill that would effectively ban stock trading by Congress. Indeed, the president spoke with Time Magazine, where he discussed possible legislation that would prohibit the activity.

The ‘100 Days’ interview was published on Friday and covers a myriad of topics. Among them was the increasingly divisive penchant for US Congress members to buy and trade stocks. When discussing the potential insider movements, Trump confirmed he would “absolutely” sign off on a ban of the practice

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US President Trump to Sign Ban on Stock Trading in Congress

For years, congressional stock trading has been an activity that has concerned the general public. With so much potential for insider trading, there has long been bipartisan support for its restriction. However, legislation has never been able to pass through both chambers.

That could change with the current administration. Speaking to Time Magazine, US President Donald Trump said he would sign a bill that banned Congress from stock trading. Indeed, he expressed support for the legislation that would receive his signature if it reached his desk.

“Well, I watched Nancy Pelosi get rich through insider information, and I would be okay with it. If they send that to me, I would do it,” Trump said. When asked if he would sign the bill, Trump responded with a succinct “absolutely.”

President Trump sitting at desk in Oval Office
Source: The New York Times

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Former Speaker Nancy Pelosi had been the face of congressional insider trading allegations. However, she ceased her opposition to a ban on the practice in 2022. Both she and her husband have been well-known for forming their future through the stock market.

She isn’t alone, as Republican official Marjorie Taylor Greene has made headlines for purchasing thousands of dollars worth of stock this year. Specifically, her purchasing strategy aligned with the ongoing tariff craze that decimated the market. Subsequently, many pondered if her decisions were made based on insider information.

In 2024, the Senate forwarded the Ending Trading and Holdings in Congressional Stocks Act, which sought to ban Congress from trading stocks. It was unable to pass through a Democratic Senate, but could have better luck since that has flipped Republican.

  • Congress
  • Donald Trump
  • Stock Trading