Schumer, Jeffries Pledge To Ban Stock Trading By Members Of Congress

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Schumer, Jeffries Pledge To Ban Stock Trading By Members Of Congress Authored by Chase Smith via The Epoch Times,Senate Democratic Leader Chuck Schumer (D-N.Y.) said on Nov. 12…

Senate Democratic Leader Chuck Schumer (D-N.Y.) said on Nov. 12 that Senate Democrats will ban stock trading for members of Congress and White House officials once they take the majority in January.

Responding to a post from President Donald Trump, Schumer wrote on X, "Senate Democrats will ban stock trading for all Members of Congress and White House officials, and hold you and your administration accountable for all the ways your rampant corruption has made life more expensive for families."

Trump had written on Truth Social that Schumer "just stated that he wants to end corruption in the United States." Trump said he assumed Schumer meant Democratic-run states, naming California, Minnesota, Illinois, Maine, and New York, where he said "Billions of Dollars are being stolen on an hourly basis."

"Hopefully his words will ring true! It will be an honor to work with him on this very big Democrat problem," Trump wrote.

Schumer replied that he was referring to the president's own stock trades, which he said were more than those of all members of Congress combined at nearly 30,000. He also cited what he called Trump's cryptocurrency "scam," a "Qatari-gifted luxury jet," a "billionaire-funded ballroom," and "pardons for big donors."

House Democratic Leader Hakeem Jeffries (D-N.Y.), who is expected to become speaker in January, has also made a stock trading ban part of the new majority's plans.

"In cleaning up the mess here in Congress, one of the most decisive things that we can do is to ban members of the House and Senate from trading stock. It is our intention to do just that," Jeffries said at a press conference on Nov. 9.

On Nov. 12, Jeffries said again that Democrats need to "get big money out of politics and end Citizens United," and "that should begin by prohibiting members of Congress from trading stock."

He also mentioned ending the war in Iran, reversing Medicaid cuts, and extending the Affordable Care Act tax credits.

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