Bresnahan engages in market activities as Trump associates benefit

r forbid congresspersons from engaging in stock market trading, though he has yet to sign on to the “No Corruption in Government Act” or the “TRUST in Congress Act” which also oppose trading by members of Congress. He’s not offered his promised bill yet, but he’s been busy. Reportedly, he’s become one of the biggest traders in Congress, buying $1.7 million in stocks and selling $3.03 million. He serves on the transportation and infrastructure committee, yet reportedly traded Caterpillar (heavy construction equipment), CSX (railroad), Boeing (airplanes), and Tesla (cars and trucks). Strangely, none of that was discussed during his town hall. And MAGAs wanted to drain the swamp?

In light of recent events surrounding President Trump’s announcement of tariffs and the subsequent market activity that followed, it is essential to reflect on the actions of our elected officials and the potential implications of their financial decisions. Upon the announcement of tariffs on April 2, the market experienced a significant decline, leading to financial losses for individuals with ties to the President. Some of these individuals demanded a reversal of the tariffs, expressing frustration at the financial impact of the policy.

Despite these calls for action, President Trump remained steadfast in his commitment to the tariffs, causing further dips in the market. Speculation arose that the President may have manipulated the market to benefit his associates, raising concerns about potential insider trading. Subsequent statements made by President Trump on April 9, where he encouraged buying stocks followed by bragging about the profits made by his friends, added fuel to these suspicions. While Democrats called for an investigation by the Securities and Exchange Commission into possible insider trading among various government officials and individuals with advanced knowledge of the tariff policy change, the likelihood of such an inquiry remains uncertain, given previous challenges faced by the SEC.

Amidst these developments, Congressman Rob Bresnahan, representing Dallas Twp., previously pledged to introduce legislation prohibiting members of Congress from engaging in stock market trading. However, to date, he has not taken actionable steps to support bills such as the “No Corruption in Government Act” or the “TRUST in Congress Act” that advocate for such restrictions. Surprisingly, reports have emerged indicating that Congressman Bresnahan has emerged as one of the most active traders in Congress, engaging in significant stock transactions while serving on the transportation and infrastructure committee. His trading activities, involving prominent companies like Caterpillar, CSX, Boeing, and Tesla, raise questions about potential conflicts of interest and the need for increased transparency among elected officials.

In conclusion, recent events underscore the importance of holding elected officials accountable for their financial actions and ensuring that policies are implemented to prevent potential abuses of power. As concerns linger about the ethics of stock market trading by members of Congress and allegations of insider trading among government officials, it is crucial to prioritize transparency and oversight to uphold the integrity of our democratic institutions. The commitment to fair and ethical governance should be a top priority for all public servants, irrespective of political affiliations.