Rep. Anna Paulina Luna Files Petition for Stock Trading Ban

Rep. Anna Paulina Luna from Florida has announced that she has submitted a petition aimed at initiating a House vote to prohibit members of Congress from trading stocks.

In a video on X, she mentioned after discussing the issue with a bipartisan group, including Rep. Tim Burchett from Tennessee, that she decided to push forward with an expulsion petition regarding the insider trading ban. Luna emphasized that there needs to be a real legislative effort to tackle the corruption related to stock trading among Congress members.

“We arrived at this decision following our discussions this morning, primarily due to the absence of any public action,” she stated. “By initiating this expulsion petition in the House, we highlight that insider trading is still a concern. If the leadership is open to introducing a bill now, it could genuinely address this corruption, and we support that,” Luna added.

She expressed frustration with what she termed “bipartisan games” and categorized the gathering as “the most bipartisan event in American history.”

“It’s crucial for the House of Representatives to start listening to the American people, so it feels like the right moment to act,” Luna remarked.

Burchett weighed in, expressing that the current situation is “a broken, completely open sewer” and suggested at least demonstrating an effort to do the right thing.

Treasury Secretary Scott Bessent has also shown support for this stock trading ban. He previously stated that Americans “deserve more” from Congress members who profit from insider trading.

Bessent, during an August interview on Bloomberg TV, remarked, “We need to prohibit individual stock trading. Any hedge fund would envy the kind of returns we see from members of Congress. The American public deserves better. Officials should come to Washington to serve, not to enrich themselves.”

Meanwhile, in a May interview, Senator Josh Hawley from Missouri discussed reintroducing the Prevention of Elected Leaders Owning Securities and Investments (PELOSI) Act. This legislation would prevent members of Congress and their families from trading or owning stocks.

Touching on Pelosi’s financial situation, Hawley remarked on her notable investments and wealth accumulation, hinting at the potential advantages she may have had.