Democrats Demand Transparency Over White House Financial Transactions Amid Tariff Pause

[Social Media]

 

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Democrats Demand Transparency Over White House Financial Transactions Amid Tariff Pause Concerns

 

A growing number of Democrats are urging the White House to release information regarding financial transactions conducted by Trump administration officials ahead of President Trump's unexpected announcement of a 90-day suspension on reciprocal tariffs.

 

In a pointed letter addressed to White House Chief of Staff Susie Wiles, Democratic leaders Sen. Adam Schiff of California and Rep. Mike Levin, also of California, expressed serious concerns about possible violations of federal ethics and insider trading laws. “Newly identified data raises concerns about potential violations of federal ethics and insider trading laws by those close to Trump with access to information not available to the public,” they wrote. “We are deeply concerned about reporting of call volume spikes minutes before the President’s public announcement of his change in tariff policies.”

 

The lawmakers are demanding that the White House fully disclose the periodic transaction reports from all executive branch and White House employees dating back to the beginning of the administration. They argue that the lack of transparency could suggest that some officials might have exploited nonpublic information regarding the 90-day tariff freeze for financial gain.

 

 

President Trump has rejected the notion that his administration might have leaked sensitive information to Wall Street figures, despite earlier reports suggesting that officials had provided an early warning about progress on a trade deal with India. According to federal ethics rules, senior government officials, including the president, must submit periodic transaction reports in addition to their annual financial disclosures to ensure the public is aware of their financial activities.

 

Federal law mandates that these transaction reports must be filed within 30 days of officials receiving notification of a transaction, or no later than 45 days after the transaction takes place. Once completed, agencies are required to send the reports to the Office of Government Ethics (OGE). In their letter, Democrats voiced concern over the absence of any such periodic transaction reports from White House officials on the OGE database since Trump’s inauguration on January 20, 2025. “There is reason to doubt that not a single senior White House official or employee has made any financial transactions triggering a periodic transaction report since the start of the Administration,” they wrote.

 

Highlighting the enormous influence senior White House staff have over policy decisions capable of swaying financial markets, the Democrats emphasized the need for strict adherence to ethics standards regarding conflicts of interest and disclosure obligations. “Therefore, we ask that you and appropriate White House officials urgently certify any periodic transaction reports filed by White House employees and expeditiously transmit those to OGE,” the lawmakers demanded.

 

The letter further requests that the White House submit a detailed plan by May 9 outlining how it intends to manage potential conflicts among its employees. The Democrats warned that failing to act would mean withholding crucial information from the public. “By failing to take these steps, the Administration would be withholding critical information from the American people regarding potential violations of federal ethics and insider trading laws,” they concluded.

 

In addition to Schiff and Levin, the letter was endorsed by 23 other Democratic members of Congress.

 

  Adpated by ASEAN Now from The Hill  2025-04-30

 

 

[Tug]

Awww man ya can’t get in the way of the grift!

[stevenl]

This will be ignored.

[Watawattana]

I'm sure the Dems were 100% transparent on 100% of the transactions when they were in power.  

 

Once again the Dems look ridiculous, whether or not they have a reasonable point to make.

[newbee2022]

7 hours ago, Social Media said:

 

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Democrats Demand Transparency Over White House Financial Transactions Amid Tariff Pause Concerns

 

A growing number of Democrats are urging the White House to release information regarding financial transactions conducted by Trump administration officials ahead of President Trump's unexpected announcement of a 90-day suspension on reciprocal tariffs.

 

In a pointed letter addressed to White House Chief of Staff Susie Wiles, Democratic leaders Sen. Adam Schiff of California and Rep. Mike Levin, also of California, expressed serious concerns about possible violations of federal ethics and insider trading laws. “Newly identified data raises concerns about potential violations of federal ethics and insider trading laws by those close to Trump with access to information not available to the public,” they wrote. “We are deeply concerned about reporting of call volume spikes minutes before the President’s public announcement of his change in tariff policies.”

 

The lawmakers are demanding that the White House fully disclose the periodic transaction reports from all executive branch and White House employees dating back to the beginning of the administration. They argue that the lack of transparency could suggest that some officials might have exploited nonpublic information regarding the 90-day tariff freeze for financial gain.

 

 

President Trump has rejected the notion that his administration might have leaked sensitive information to Wall Street figures, despite earlier reports suggesting that officials had provided an early warning about progress on a trade deal with India. According to federal ethics rules, senior government officials, including the president, must submit periodic transaction reports in addition to their annual financial disclosures to ensure the public is aware of their financial activities.

 

Federal law mandates that these transaction reports must be filed within 30 days of officials receiving notification of a transaction, or no later than 45 days after the transaction takes place. Once completed, agencies are required to send the reports to the Office of Government Ethics (OGE). In their letter, Democrats voiced concern over the absence of any such periodic transaction reports from White House officials on the OGE database since Trump’s inauguration on January 20, 2025. “There is reason to doubt that not a single senior White House official or employee has made any financial transactions triggering a periodic transaction report since the start of the Administration,” they wrote.

 

Highlighting the enormous influence senior White House staff have over policy decisions capable of swaying financial markets, the Democrats emphasized the need for strict adherence to ethics standards regarding conflicts of interest and disclosure obligations. “Therefore, we ask that you and appropriate White House officials urgently certify any periodic transaction reports filed by White House employees and expeditiously transmit those to OGE,” the lawmakers demanded.

 

The letter further requests that the White House submit a detailed plan by May 9 outlining how it intends to manage potential conflicts among its employees. The Democrats warned that failing to act would mean withholding crucial information from the public. “By failing to take these steps, the Administration would be withholding critical information from the American people regarding potential violations of federal ethics and insider trading laws,” they concluded.

 

In addition to Schiff and Levin, the letter was endorsed by 23 other Democratic members of Congress.

 

  Adpated by ASEAN Now from The Hill  2025-04-30

 

 

Oh, difficult question to answer for a kleptomaniac kleptocrate 

[Purdey]

In Thailand the SEC found that Thaksin used his driver and maid to hold his shares. I would have thought the SEC in the U.S. was better than that.

[Paul Henry]

Where are all the independant Inspectors General to keep check of  all  the Government including the administration.