Fact-check analysisVerified as of July 30, 2025Curated by FactVerify
True

Trump and the White House are now lobbying against a bill that ban politicians from stock trading.

The White House, including Trump-related interests, is actively lobbying against a bill that would ban politicians, including the president, from stock trading.

FactVerify

FactVerify

Source: factverify.com

At a glance

Key Evidence

Verified July 30, 2025
The reporting

What the Evidence Shows

Multiple credible news sources report that the White House is lobbying Republican senators to oppose a bill proposed by Senator Josh Hawley that aims to ban stock trading by lawmakers and potentially the president and vice president. This legislation, known as the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, seeks to restrict elected officials from trading stocks to prevent conflicts of interest.

The White House's Office of Legislative Affairs has been reported to actively resist this bill, complicating its progress in Congress. The opposition includes concerns about the bill's scope and impact on executive officials, including former President Trump. These reports are consistent across several reputable outlets such as Axios, Punchbowl News, and investingLive, confirming the lobbying efforts against the stock trading ban for politicians.

Primary trail

Verified Sources10

Hawley's stock trading ban sparks drama with White House

axios.com
Open source

US bill to ban stock trading by politicians faces White House resistance

uk.investing.com
Open source

White House lobbies against stock trading ban

punchbowl.news
Open source
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