During a press briefing on Thursday, House Minority Leader Hakeem Jeffries (D-NY) was asked about potential insider trading by lawmakers amid yesterday's stock market bounce following President Trump's tariff pause announcement.
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NewsTranscript
00:00Sorry, right right there. It's a bunch of you together.
00:06Question on the equities markets. The president says this is a good time to buy and then goes out and has a surprise that tariff changed.
00:14Do you think is anything illegal or constantly violating ethics laws that's going on in the administration and they're going to try to investigate that?
00:21We need to get to the bottom of the possible stock manipulation that is unfolding before the American people, including what, if any, advanced knowledge did members of the House Republican Conference have of Trump's decision to pause the reckless tariffs that he put into place?
00:45There are several members of Congress who will be aggressively demanding answers and transparency, particularly as it relates to stock purchase decisions that may have occurred over the last few days.
01:06As a follow-up to that question, are there any avenues that Democrats can explore to force an investigation in the House, or are you all essentially handcuffed by being in the House?
01:18There will be several avenues that we will be able to pursue, and we'll do so aggressively, and in fact, because of current congressional rules.
01:32We know that members of the House of Representatives will have to disclose any stock trades that they've made 30 days from the date of those trades or potentially no later than 45 days.
01:51And so the reality is people are going to have to pay the piper in terms of disclosure.
01:57And so our point is you might as well get it out into the public domain now because it's coming later, and there's nothing that you can do about it.