Members of Congress should not be selling individual stocks,
put it in a blind trust, trading mutual funds.
But we should know, the American people should know that a member of
Congress is never leaving a classified briefing and calling their stockbroker.
The speaker put forth really a bill destined to fail.
>> House democrat, Abigail Spanberger went after House Speaker Nancy Pelosi for
stalling bipartisan legislation that would prevent members
of Congress from being able to trade individual stocks.
Now, this is incredibly important legislation and
Pelosi had made clear previously and faced a lot of backlash.
She wasn't really in favor of banning members of Congress from engaging in
this activity because she believes in the free market.
And so she decided to stall the legislation by putting out her own
horse crap version of it that had a massive loophole that effectively
made the newer piece of legislation completely irrelevant.
Now, I wanna go to the rest of Spanbergers argument here.
Unfortunately, it's made on Fox News.
I wish MSNBC cover this and gave Spanberger an opportunity to
air her issues with Pelosi on this matter.
But unfortunately Fox News wanted to cover it for their own political purposes.
Let's watch what she has to say and then I'll give you more details.
>> We, Chip Roy Republican from Texas and I have worked on this legislation since
the early days of Covid, we put forth a bill straightforward.
Members of Congress should not be selling individual stocks,
put it in a blind trust, trade in mutual funds.
But we should know, the american people should know that a member of Congress is
never leaving a classified briefing and calling their stockbroker.
The speaker put forth really, a bill destined to fail.
A very good option existed in the bipartisan one that Chip Roy and I have,
we have more than 70 co-sponsors from across the country,
Democrats and Republicans.
And the speaker has employed stall tactic after stall tactic in order to kind
of keep delaying what's potentially a vote on any bill that would ban
members of Congress from buying and selling stocks.
And she put forth a bill that wasn't a good faith effort.
I've been very clear on that and I'm disappointed.
But the American people are the ones who are mad about it.
I hear about this across my district >> Now, Brett Baer is interviewing her and
this conversation is taking place on Fox News because make no mistake about it.
The right wing has an agenda.
They wanna use this to campaign against Democrats,
as if Democrats are the only ones who are investing in individual stocks,
as if Democrats are the only ones who are corrupted by this.
As we know,
there's all sorts of insider trading happening in Congress by parties of both.
I'm sorry, by members of both parties.
And so I wanna make that clear.
This isn't a Democrat or Republican issue.
This is a bipartisan issue.
It's a corruption issue and the fact that Nancy Pelosi stood in the way of this
legislation, even getting a vote is absolutely disgusting.
And she didn't even give this legislation an opportunity for a floor vote.
What she did is promote legislation that had a loophole.
Members of Congress were irritated by it, they were arguing against that.
And so she never even brought that version of the legislation up for a vote either,
but check real quick.
I just wanna give you guys a little more information on what Abigail Spanberger is
talking about in regard to the legislation that she sponsored.
Spanberger, along with Republican Representative Chip Roy, sponsored
the Transparent Representation Upholding Service and Trust in Congress act in 2020.
The bill required members of Congress, along with their spouses and children,
to put investments into blind trusts or keep their money in mutual funds.
And Pelosi was just not about that.
>> Yeah, so I wanna tell you in a second, how the Republicans are using this to
batter the Democrats and it's totally working.
But first, let's note for
the record that there's been no reaction to Spanberger saying this on Fox News.
Now, let's imagine for a second that it was a progressive that AOC or
Cori Bush or any of them had gone on and criticized Democratic leadership super
harshly already the house would fall in on them.
Everybody in media would be, how dare they they're destroying the Democratic Party.
And MSNBC would talk nonstop about it, how just Democrats are destroying Democrats,
by attacking Democratic leadership, was in the last month of the election.
Not only that, the attack she attacked, and exposing corruption.
I mean, God, that's the third rail in Washington, okay?
Not only that, she did it on Fox News, not only that, they're taking that and
using it in Republican ads.
If a progressive had done it, they would be tarred and feathered and
run out of town.
A conservative Democrat does it, not a peep.
National media in this country is a total joke.
Total joke, okay.
Now to the substance of it.
So the Republicans, see that they are actually being corrupt.
And by the way, we're always fair.
So 98% of our Republicans say are usually garbage and we can show it to you and
we prove to you that it's garbage in this case is totally true.
Nancy Pelosi and others are delaying the vote, that's because they're corrupt and
they want to keep making money from that insider trading, right?
So that part is totally true.
But now, here's the part they don't tell you, Abigail Spanbergers bill.
She painted on Fox's, she's perfectly bipartisan,
Republicans totally agree with me that we should be really non corrupt.
Is that true?
Of course not true.
It has 72 co-sponsors, only 12 of them are Republican, 60 of them are Democrats.
If they put up for a vote, the Republicans would vote No.
>> Which by the way, great, right.
A smart tactician, someone who's smart with political strategy,
because Nancy Pelosi is painted that way in the corporate press all the time.
But how are you smart if you're stalling legislation that is incredibly
popular with the American people?
Allowing for the Republicans to use the fact that you've stalled on this
legislation or you've blocked this legislation to campaign against you.
How is that smart?
A smart thing would be to allow for this legislation to get a vote.
Of course Republicans are going to vote against it.
Of course, you're not gonna get the majority of Republicans in the House to
support it, there's corrupt as it gets.
So great, great, then you have something to campaign against them on.
>> Instead they're using it to campaign against you.
Okay, look, first of the main reason she isn't putting up for
a vote because she's corrupt.
She wants to keep doing insider trading.
>> Yeah, in fact, let me give you some details about what she and
her husband are up to.
So, Nancy Pelosi and her husband Paul have been among the most prolific traders and
even beat the S&P 500 index in 2021.
But that wasn't the only year they've done so, they do it all the time because she
has insider information that she can trade individual stocks on.
A review of disclosures by Newsweek showed that in 2021 Pelosi and
her husband, venture capitalist Paul Pelosi,
purchased between almost 10 million and nearly 32 million worth of stocks.
I'm sorry.
How can anyone expect someone who in one year spends that much money trading
stocks million tens of millions of dollars straight.
How do you expect that person to connect with her constituency,
to understand her constituency and what actually matters to them in their lives?
>> Yeah, and look, it's one thing if you're rich that God blessing you, but
you're fighting for the right policies.
You say, I put my money in a blind trust, I'm not giving my money away, but
I'm putting in a blind trust, so
I can't use the information I have from Congress to make even more money, right?
But she's refusing to do that.
She's blocking legislation that would do that.
And instead she's saying, I don't know what you're talking about and
it's all over the internet.
Her husband and her beat the stock market by wide margins every year,
by laughable numbers.
It's gigantic, right?
By the way, National media, okay, Nancy, Pelosi corrupt.
They'll rip your head off, unless you're a conservative Democrat, right?
So now we go back to the Republicans since they didn't have a vote on it.
They're like, my God, they're letting us be corrupt, we would have voted no.
This incredibly terrible tactician Nancy Pelosi just handed us a gift.
So they put it into all their ads all across the country.
Give you one example in Iowa, there was a Democrat who was leading by three.
They do run this ad exclusively.
She's now losing by 8, 11 point swing.
She certainly has lost her seat because Pelosi refused to vote on this.
She would have won the vote anyway, the republicans would have helped her with
the corruption but she didn't wanna risk it.
So she handed them a giant gift.
If a progressive had helped Republicans 1% of that,
the national media would have eviscerated that.
Pelosi just did it, not a word.