Congressman Krishnamoorthi Calls for Immediate House Action on Bipartisan Stock Trading Ban Amid Tariff-Fueled Market Volatility, Member Trading for Profit

SCHAUMBURG, IL - In a lettersent Monday to House Speaker Mike Johnson, Congressman Raja Krishnamoorthi urged immediate consideration of the Bipartisan Restoring Faith in Government Act following troubling signs that Members of Congress - including possiblyRep. Marjorie Taylor Greene - may have used non-public information surrounding recent Trump Administration tariff announcements to trade stocks for personal gain.

"In recent weeks, as the Trump Administration caused significant market volatility through a series of tariff announcements, there have been several opportunities for elected officials to make profitable stock trades based on non-public information," Krishnamoorthi wrote. "This improper activity, or even the appearance of impropriety, serves only to further erode trust between public servants and the American people."

The Congressman specifically pointed to market activity on April 9th, when President Trump posted on Truth Social, "IT'S A GREAT TIME TO BUY!!!" at 9:37 a.m. - followed just hours later by a formal tariff announcement that caused the Dow Jones Industrial Average to spike by 2,000 points. "This rapid change in market conditions triggered by the President's planned announcement presented a clear opportunity for those with advance knowledge of the activity to reap significant financial benefit by trading stocks accordingly," Krishnamoorthi warned.

To combat this behavior, Krishnamoorthi has led the charge to clean up Washington, introducing the Bipartisan Restoring Faith in Government Act alongside Representatives Brian Fitzpatrick (R-PA), Alexandria Ocasio-Cortez (D-NY), and Cory Mills (R-FL). The bill would bar Members of Congress, their spouses, and dependents from owning or trading individual stocks while in office.

"It is our responsibility to ensure that Members are serving the American people and not day trading stocks and profiting from the position to which they were elected," Krishnamoorthi emphasized in his letter. "I urge you to act on our bipartisan effort and schedule a vote to pass this legislation at the earliest possible opportunity to do so."

Congressman Krishnamoorthi's full letter is available here.