Democratic Lawmakers Call for Transparency on Member Stock Trading During Trump’s Economic Chaos, Demand Ban be Considered by House
Washington, D.C. — Today, Democratic Representatives Mike Levin (CA-49), Joe Neguse (CO-02), Seth Magaziner (RI-02), Steven Horsford (NV-04), Alexandria Ocasio-Cortez (NY-14) and David Min (CA-47) penned a letter to Speaker Mike Johnson requesting that he call on every member of the House of Representatives to immediately file and release their Periodic Trading Reports (PTR) for any transactions conducted between April 2, 2025 and April 9, 2025 – the window in which President Donald Trump and his administration plunged the United States into a reckless trade war, issuing on-again, off-again tariffs on nearly 90 countries, and immediately schedule for a vote legislation to ban stock trading by representatives.
The lawmakers’ correspondence called to attention that Members closest to the President, including many of whom met or were in his presence throughout the course of the whiplash on Wall Street, were in position to profit from the unstable changes in policy.
“It would be unconscionable for any Member of Congress to use their personal position to benefit financially, especially in a time where Americans across the country are experiencing financial chaos,” wrote Reps. Levin, Neguse, Magaziner, Horsford, Ocasio-Cortez, and Min. “Therefore, we respectfully request that you join us in requesting that Members of Congress immediately release their PTRs, rather than the customary 45-day deadline. The American people deserve to know if any representatives took advantage of their positions for personal gain.”
The lawmakers’ request is the latest in a series of commonsense efforts to ensure Members of Congress are effectively representing the interests of the American people, not their own stock portfolios. Neguse and his fellow co-signers have also championed a number of legislative and oversight measures that would require both representatives and their families to place investments, like individual stocks, in a blind trust during their tenure in Congress – effectively banning Members of Congress from trading individual stocks.
The full text of the letter is available HERE and below:
Dear Speaker Johnson,
We write to urge that you join us in requesting every Member of the House of Representatives immediately file and release their Periodic Trading Reports (PTR) for any transactions conducted between April 2, 2025, and April 9, 2025. The public has the right to know whether anyone in the Congress profited from the considerable market instability and economic chaos caused by President Trump and his administration over the past week.
As you are well aware, President Trump’s widespread imposition of tariffs across the world sent the market into a tailspin and placed the country’s economic stability at risk. In response to the outcry from Americans and our allies, President Trump paused some of these tariffs, opening a ripe opportunity for Members — particularly those close to the President — to personally profit from the change in policy. Over the past week, House Republicans met with President Trump at the White House, attended the National Republican Congressional Committee dinner (mere hours before pausing the tariffs), and were in regular communication with the President ahead of the vote on the budget reconciliation resolution.
It would be unconscionable for any Member of Congress to use their personal position to benefit financially, especially in a time where Americans across the country are experiencing financial chaos. Therefore, we urge you to join us in requesting that Members of Congress immediately release their PTRs, rather than the customary 45-day deadline. The American people deserve to know if any representatives took advantage of their positions for personal gain. Further, it is with that in mind that we reiterate our request for immediate consideration of legislation to ban members of Congress from trading stocks.
We look forward to your prompt attention and action on this matter.
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