Bessent Calls for Single-Stock Trade Ban in Congress

Treasury Secretary Scott Bessent said Wednesday that he will join the push to ban single-stock trading in Congress, citing the “eye-popping returns” of Rep. Nancy Pelosi, D-Calif., and Sen. Ron Wyden, D-Ore., as examples.

Bessent made the remarks in an interview with Bloomberg TV.

“I am going to start pushing for this single-stock trading ban, because it is the credibility of the House and the Senate that you look at some of these eye-popping returns — whether it’s Rep. [Nancy] Pelosi, Sen. [Ron] Wyden — every hedge fund would be jealous of them. And the American people deserve better than this.”