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U.S. Rep. Joe Neguse (D-Colo.) speaks during a news conference on "Project 2025" at the U.S. Capitol Building on September 19, 2024 in Washington, D.C.
"The American people deserve to know if any representatives took advantage of their positions for personal gain," lawmakers said.
In the wake of U.S. President Donald Trump's decision to abruptly pause most of the sweeping tariffs he announced last week—a move that raised suspicions of possible insider trading and market manipulation—a group of Democrats in the U.S. House of Representatives are urging Republican Speaker Mike Johnson to ensure any stock trades recently made by members of the chamber are immediately disclosed.
"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," according to a letter the group sent Johnson, who represents Louisiana, on Thursday.
By law, lawmakers must file a form that is made public, known as a PTR, within 45 days of making a stock trade valued at over $1,000. The group of lawmakers is asking Johnson to join them in requesting that lawmakers immediately release their PTRs, rather than waiting for the end of the 45-day deadline.
"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," according to the letter, which was penned by Reps. Joe Neguse (D-Colo.), Seth Magaziner (D-R.I.), Mike Levin (D-Calif.), Steven Horsford (D-Nev.), Alexandria Ocasio-Cortez (D-N.Y.), and David Min (D-Calif.).
Trump on April 2 unveiled broad tariffs that rattled markets and heightened fears of a recession. Then, on Wednesday morning he wrote on social media: "THIS IS A GREAT TIME TO BUY!!! DJT." Hours later, he sent markets soaring when he declared a 90-day pause on tariffs for many countries—though a number of levies, including on China, remain in place. The bump resulted in the largest one-day percentage gain for the S&P 500 since the financial crisis of 2008.
"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," according to the letter. "The American people deserve to know if any representatives took advantage of their positions for personal gain."
"We reiterate our request for immediate consideration of legislation to ban members of Congress from trading stocks," the letter concludes.
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
In the wake of U.S. President Donald Trump's decision to abruptly pause most of the sweeping tariffs he announced last week—a move that raised suspicions of possible insider trading and market manipulation—a group of Democrats in the U.S. House of Representatives are urging Republican Speaker Mike Johnson to ensure any stock trades recently made by members of the chamber are immediately disclosed.
"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," according to a letter the group sent Johnson, who represents Louisiana, on Thursday.
By law, lawmakers must file a form that is made public, known as a PTR, within 45 days of making a stock trade valued at over $1,000. The group of lawmakers is asking Johnson to join them in requesting that lawmakers immediately release their PTRs, rather than waiting for the end of the 45-day deadline.
"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," according to the letter, which was penned by Reps. Joe Neguse (D-Colo.), Seth Magaziner (D-R.I.), Mike Levin (D-Calif.), Steven Horsford (D-Nev.), Alexandria Ocasio-Cortez (D-N.Y.), and David Min (D-Calif.).
Trump on April 2 unveiled broad tariffs that rattled markets and heightened fears of a recession. Then, on Wednesday morning he wrote on social media: "THIS IS A GREAT TIME TO BUY!!! DJT." Hours later, he sent markets soaring when he declared a 90-day pause on tariffs for many countries—though a number of levies, including on China, remain in place. The bump resulted in the largest one-day percentage gain for the S&P 500 since the financial crisis of 2008.
"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," according to the letter. "The American people deserve to know if any representatives took advantage of their positions for personal gain."
"We reiterate our request for immediate consideration of legislation to ban members of Congress from trading stocks," the letter concludes.
In the wake of U.S. President Donald Trump's decision to abruptly pause most of the sweeping tariffs he announced last week—a move that raised suspicions of possible insider trading and market manipulation—a group of Democrats in the U.S. House of Representatives are urging Republican Speaker Mike Johnson to ensure any stock trades recently made by members of the chamber are immediately disclosed.
"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," according to a letter the group sent Johnson, who represents Louisiana, on Thursday.
By law, lawmakers must file a form that is made public, known as a PTR, within 45 days of making a stock trade valued at over $1,000. The group of lawmakers is asking Johnson to join them in requesting that lawmakers immediately release their PTRs, rather than waiting for the end of the 45-day deadline.
"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," according to the letter, which was penned by Reps. Joe Neguse (D-Colo.), Seth Magaziner (D-R.I.), Mike Levin (D-Calif.), Steven Horsford (D-Nev.), Alexandria Ocasio-Cortez (D-N.Y.), and David Min (D-Calif.).
Trump on April 2 unveiled broad tariffs that rattled markets and heightened fears of a recession. Then, on Wednesday morning he wrote on social media: "THIS IS A GREAT TIME TO BUY!!! DJT." Hours later, he sent markets soaring when he declared a 90-day pause on tariffs for many countries—though a number of levies, including on China, remain in place. The bump resulted in the largest one-day percentage gain for the S&P 500 since the financial crisis of 2008.
"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," according to the letter. "The American people deserve to know if any representatives took advantage of their positions for personal gain."
"We reiterate our request for immediate consideration of legislation to ban members of Congress from trading stocks," the letter concludes.