White House claims Nancy Pelosi is the reason Trump backs ban on stock trading for all lawmakers
.@PressSec: "The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi... she makes $174,000 a year, yet she has a net worth of approximately $413M. In 2024, Nancy Pelosi's stock portfolio... grew 70%—in one year." pic.twitter.com/gFmVZubSWX
— Rapid Response 47 (@RapidResponse47) July 31, 2025
WASHINGTON, DC: The White House took a jibe at Nancy Pelosi during a press meeting on Thursday, July 31, stating that she is the reason Congress is considering a measure to ban all lawmakers from trading stocks.
This came after President Donald Trump accused the former House Speaker of increasing her wealth "by having inside information" in stock trading on Wednesday.
White House questions how Nancy Pelosi has a net worth of $413 million despite making $174,000 a year
White House press secretary Karoline Leavitt informed reporters on Thursday, "The reason that this idea to put a ban on stock trading for members of Congress is even a thing is because of Nancy Pelosi."
"I mean, she is rightfully criticized because she makes $174,000 a year. Yet she has a net worth of approximately $413 million. In 2024, Nancy Pelosi's stock portfolio — this was a fascinating statistic to me — grew 70% in one year in 2024," she added.
Leavitt further mentioned, "I think the president stands with the American people on this. He doesn't want to see people like Nancy Pelosi enriching themselves off of public service and ripping off their constituents in the process."
Meanwhile, Pelosi addressed Trump's comments during an interview with CNN's Jake Tapper on Wednesday, where she accused the POTUS of "projecting."
Pelosi chastises Tapper for asking about Trump accusing her of insider trading:
— Western Lensman (@WesternLensman) July 30, 2025
“Why do you have to read that?"
“It isn't anything to do with anything insider. But the president has his own exposure, he's always projecting."
“Let's not give him any more time on that, please." pic.twitter.com/rMQbobt9eB
She said, "That's ridiculous. In fact, I very much support the stop the trading of members of Congress. Not that I think anybody is doing anything wrong. If they are, they are prosecuted, and they go to jail. But because of the confidence it instills in the American people, don‘t worry about this."
"But I have no concern about the obvious investments that have been made over time. I‘m not into it. My husband is, but it isn‘t anything to do with anything insider," Pelosi added.
Nancy Pelosi's spokesperson says she doesn't own any stocks
In a statement to Fox News, Nancy Pelosi's spokesman Ian Krager said, "Speaker Pelosi does not own any stocks and has no knowledge or subsequent involvement in any transactions."
She earlier came under scrutiny for insider trading, including in 2022, after her husband, Paul Pelosi, purchased more than $1 million in shares of semiconductor company Nvidia before Congress voted on a subsidy to the industry.
The purchase was revealed in a disclosure filing from the former House speaker's office.
It got renewed attention after the Senate Homeland Security and Government Affairs Committee passed the Honest Act on Wednesday.
This move, which was introduced as the Preventing Elected Leaders from Owning Securities and Investments Act (PELOSI Act) by Senator Josh Hawley, would bar all lawmakers and their spouses from trading stocks in office.
