President Donald Trump said Wednesday that former House Speaker Nancy Pelosi should be investigated for insider trading, prompting Pelosi to say she backs a bill that would ban stock trading by top government officials.
Trump told Daily Caller White House correspondent Reagan Reese he supports the HONEST Act “conceptually” and accused Pelosi of exploiting privileged information for financial gain. (RELATED: What’s So Special About Nancy Pelosi’s Stock Trading Activities?)
“Nancy Pelosi should be investigated because she has the highest return of anybody practically in the history of Wall Street, save a few,” Trump said. “How did that happen? She knows exactly what’s going to happen and be announced. She buys the stock and the stock goes up after the announcement is made. She ought to be investigated.”
Just now: Trump tells me that Nancy Pelosi should be investigated over her stock trading activities.
He adds that he “conceptually” likes Sen. Hawley’s bill banning Congress, the president and the VP from trading/holding individual stocks.@DailyCaller pic.twitter.com/tifxzp9Gde
— Reagan Reese (@reaganreese_) July 30, 2025
“The American people deserve confidence that their elected leaders are serving the public interest — not their personal portfolios,” Pelosi said in a statement.
The Senate Homeland Security and Governmental Affairs Committee narrowly advanced the HONEST Act in an 8-7 vote, with every Democrat and only one Republican — Missouri Sen. Josh Hawley, the bill’s sponsor — voting in favor.
The legislation was originally named the PELOSI Act in a jab at the former speaker, standing for “Preventing Elected Leaders from Owning Securities and Investments.”
Hawley agreed to expand the bill to include the president and the vice president, though the ban would apply only to future terms — meaning Trump and Vice President JD Vance would be exempt.
Pelosi’s estimated net worth is $261 million, according to Quiver Quantitative, with major holdings in Apple, Microsoft, Amazon, Google and Netflix. Her congressional salary is $174,000 per annum.
