Democrats press White House over potential 'insider trading' before Trump tariff pause
Source: ABC News
April 28, 2025, 11:57 AM
Democratic lawmakers are "urgently" calling for the White House to issue a full disclosure of financial transactions leading up to President Donald Trump's sudden pause on a sweeping set of tariffs earlier this month, raising concerns that people close to the president "potentially violated federal ethics and insider trading laws" surrounding his actions.
Sen. Adam Schiff, D-Calif., and Rep. Mike Levin, D-Calif., sent a letter on Monday, signed by a group of 23 other Democrats, to White House chief of staff Susie Wiles, calling for a commitment from all senior White House and executive branch employees to "expeditiously" transmit all reports related to their securities transactions since the start of Trump's term to the Office of Government Ethics, requesting, too, that all of this mandatory reporting be made public.
The letter, shared first with ABC News, also asks that any extensions granted to White House employees related to their accounting reports become public, noting that this was practiced during the first Trump administration. "We are concerned that no periodic transaction reports have been posted on the OGE database for White House officials' individual disclosures at any point since President Trump took office on January 20, 2025," Schiff and Levin wrote.
"There is reason to doubt that not a single senior White House official or employee has made any financial transactions triggering a periodic transaction report since the start of the Administration," the letter continued. "As an important point of reference, during the first Trump Administration, periodic transaction reports filed by senior White House officials were made publicly available on the OGE's disclosure database, as required by the Ethics in Government Act and the STOCK Act."
Read more: https://abcnews.go.com/Politics/democrats-press-white-house-potential-insider-trading-trump/story?id=121221967
Link to PRESS RELEASE (with letter text) - NEWS: Sen. Schiff, Rep. Levin, Lawmakers Urge White House to Disclose Executive Branch Employees’ Financial Transactions Leading Up to Trump’s Tariff Pause
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