Treasury Secretary Scott Bessent called for a ban on lawmakers trading individual stocks, taking a shot at former Speaker Rep. Nancy Pelosi (D-Calif.) and Sen. Ron Wyden (D-Ore.) in the process.
“I am going to start pushing for a single-stock trading ban, because it is the credibility of the House and the Senate,” Bessent said on Bloomberg TV on Wednesday.
“You look at some of these eye-popping returns — whether it is Rep. Pelosi, Sen. Wyden — every hedge fund would be jealous of them. And the American people deserve better than this,” Bessent added.
His comments come as momentum for a ban on members of Congress trading individual stocks has ramped up amid increasing public scrutiny of stock trades. Current law prohibits insider trading by lawmakers and requires more disclosures, but cr