Washington Examiner: House Democrat pushes back on Pelosi after stock comments


Rep. Abigail Spanberger pushed back after House Speaker Nancy Pelosi told reporters at the Capitol this week that members of Congress should be able to trade stocks.

Asked about an Insider report that found 49 members of Congress and 182 senior congressional staffers have violated the STOCK Act, which aims to prevent insider trading, and whether members should be able to trade stocks at all, Pelosi said they should be free to do so.

“We have a responsibility to report in the stock — on the stock,” she said. “If the people aren’t reporting, they should be.”

Pelosi, one of the wealthiest members of Congress, said members should not be banned from trading “because this is a free market … we are a free market economy. They should be able to participate in that.”

But Spanberger, a Virginia Democrat, took to Twitter to express disagreement with Pelosi.

“No,” Spanberger wrote. “It cannot be a perk of the job for Members to trade on access to information.”

Spanberger touted legislation she introduced called the TRUST in Congress Act, which she said would require “elected officials and their families to place assets in a blind trust to prevent them from profiting off their positions.”

Spanberger was first elected to represent Virginia’s 7th Congressional District in 2018, and she was narrowly reelected to the swing district seat last year. Virginia’s redistricting process is ongoing, but a new proposed map of the state’s congressional districts would leave Spanberger competing in a district more liberal than the one she currently represents.

Recent Posts

Feb 26, 2024
Womens' Issues

In Wake of Alabama Supreme Court Ruling, Spanberger Joins Bipartisan, Bicameral Effort to Protect Access to IVF

Congresswoman: “This Ruling Sets a Dangerous Precedent” WASHINGTON, D.C. — U.S. Representative Abigail Spanberger today backed bipartisan legislation to protect every American’s right to access in-vitro fertilization (IVF) following the Alabama Supreme Court’s ruling that frozen embryos are children under the law. On February 16, 2024, the Alabama Supreme Court ruled that frozen embryos — […]

Spanberger, Valadao Introduce Bipartisan Bill to Strengthen U.S. Voting Systems Against Foreign Attacks

U.S. Senate Version is Led by U.S. Senators Mark Warner & Susan Collins WASHINGTON, D.C. — U.S. Representatives Abigail Spanberger (D-VA-07) and David Valadao (R-CA-22) today introduced bipartisan legislation to strengthen the security of U.S. election infrastructure by requiring that voting systems undergo simulated attacks as part of their standard certification process. Given ongoing attempts […]

Feb 23, 2024
Local Issues

Spanberger, Garbarino Lead Bipartisan Bill to Track & Report Tick Bite-Associated Condition, Alpha-Gal Syndrome

The Congresswoman’s “Recognize AGS Act” Would Direct HHS to Make Alpha-Gal Syndrome a Nationally Notifiable Disease WASHINGTON, D.C. — U.S. Representatives Abigail Spanberger (D-VA-07) and Andrew R. Garbarino (R-NY-02) introduced bipartisan legislation to allow for greater monitoring and reporting of alpha-gal syndrome (AGS) cases by the Centers for Disease Control and Prevention (CDC). Alpha-gal syndrome […]