Latest news with #RobBresnahan
Yahoo
14 hours ago
- Politics
- Yahoo
Matt Cartwright will not seek re-election
LACKAWANNA COUNTY (WBRE/WYOU) — A former congressman will not look to win back his old job. Matt Cartwright held a news conference in Lackawanna County on Thursday to announce it's 'time to give it a rest' and not run to get back his seat in Washington. Over 8,400 fentanyl pills, guns seized in drug bust The 6-term lawmaker served 12 years in the House before losing to Republican Rob Bresnahan last November. The race for the 8th district, serving Lackawanna County and parts of Luzerne and the Poconos, will be on the ballot next year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Fox News
2 days ago
- Business
- Fox News
Pelosi's stock trading legacy haunts Democrats as Jeffries slams GOP freshman's 'thievery'
The National Republican Congressional Committee (NRCC) is accusing House Minority Leader Hakeem Jeffries of "hypocrisy" for slamming freshman GOP Rep. Rob Bresnahan's stock trading despite the same issue having plagued the Democratic Party for years. "It's rich for Hakeem Jeffries and national Democrats to suddenly care about stock trading when their real leader, Nancy Pelosi, and members of their own caucus make traders on Wall Street look like amateurs at a penny arcade. This political pandering is lame," Mike Marinella, NRCC spokesperson, said in a statement to Fox News Digital. The New York Times and Business Insider reports this year revealed Bresnahan has continued trading stocks since joining Congress, despite vowing to ban stock trading if elected. And since introducing legislation to ban stock trading and vowing to form a blind trust, the Pennsylvania Republican continued trading stocks. "Enough with the thievery. This guy is getting richer while everyday Americans struggle to live paycheck to paycheck. When we take back the House, we will put an end to this blatant corruption," Jeffries, D-N.Y., said on X. Politicians on both sides of the aisle have benefited from trading stocks while serving in office. Sen. Josh Hawley, R-Mo., reintroduced legislation this year to ban members of Congress and their spouses from trading stocks while in office. Hawley first introduced the "PELOSI Act" in 2023. Perhaps no representative has faced more scrutiny for stock trading than Jeffries' predecessor, Rep. Nancy Pelosi, D-Calif. In one such example, Pelosi's husband sold 2,000 Visa shares last year for at least $500,000, a few months before the federal government sued the company. Such trades must be legally disclosed under the Stop Trading on Congressional Knowledge (STOCK) Act. This year, Rep. Vicente Gonzalez, D-Texas, slammed President Donald Trump's tariffs on "Liberation Day," then purchased $100,000 and $250,000 in Apple stock, according to his financial disclosures reported by Southeast Politics. He has also purchased Tesla shares since Trump's inauguration. And as the stock market was fluctuating around "Liberation Day," Rep. Jared Moskowitz, D-Fla., bought 23 stocks, worth between $23,023 and $345,000, and sold two stocks, worth between $2,002 and $30,000, Sun Sentinel reported. But they weren't the only Democrats who cashed in on Trump's "Liberation Day." Rep. Julie Johnson, D-Texas, sold dozens of individual stock holdings in the hours before April 2, according to NOTUS. Justin Chermol, spokesperson for Jeffries, told Fox News Digital, "House Democrats will not be lectured by a Republican Party that has openly embraced corruption in the Trump administration, the Supreme Court and the Congress." "If MAGA extremists actually cared about the stock trading issue, House Republican leaders would immediately bring a bill to the floor that will ban stock trading by current members of Congress. They have refused to do it," Chermol added.
Yahoo
4 days ago
- Business
- Yahoo
He said he'd ban stock trading in Congress. He's made more than 530 trades since taking office.
On the campaign trail, Rep. Rob Bresnahan said he'd push to ban stock trading in Congress. He's traded more than 530 times in office. 40 of those trades were made after he said he'd set up a blind trust. Rep. Rob Bresnahan said he would ban stock trading when he got to Congress. Since the Pennsylvania Republican took office in January, he's traded securities at least 530 times. Forty of those trades, worth at least $166,000, were made after May 6, when he announced that he would move his assets into a blind trust. Business Insider reviewed 11 periodic transaction reports that Bresnahan has filed since January. His investments run the gamut, from tech companies like Meta and Alphabet to energy companies like ExxonMobil and ConocoPhillips. Like fellow Republican Rep. Marjorie Taylor Greene of Georgia, Bresnahan has said that he does not make those trades himself and that his portfolio is managed by an outside third party. Bresnahan has apparently continued to allow that advisor to make trades on his behalf, even after his trades began to draw significant media scrutiny two months ago. "As we've said repeatedly, Rob has no involvement in the stock trades made by his financial advisor," Hannah Pope, a spokeswoman for Bresnahan, told BI. "He's in the process of finalizing a blind trust which requires sign-off from the House Ethics Committee." In March 2021, Bresnahan penned an op-ed in a local paper stating that if elected, he would co-sponsor legislation to ban stock trading in Congress. "Some of the most prolific traders in the country serve in Congress," Bresnahan wrote. "Whether or not they have done something wrong, the idea that we can buy and sell stocks while voting on legislation that will have a direct impact on these companies is wrong and needs to come to an end immediately." The Pennsylvania Republican has emerged as one of the House's most prolific traders. After the New York Times first reported on Bresnahan's trades, his office said he would introduce his own bill instead. One month later, he did, introducing the "TRUST Act," a name that sounded similar to an existing stock ban bill, the TRUST in Congress Act. "I think his staff should learn how to Google," Rep. Chip Roy, the GOP cosponsor of that bill, told NOTUS. At the same time, Bresnahan said he would establish a blind trust. "I have never traded my own stocks, but I want to guarantee accountability to my constituents," the congressman said in a May 6 press release. "That is why I am working with House Ethics to begin the process of enacting a blind trust. I want the people I represent to trust that I am in Congress to serve them, and them alone." While the details of each blind trust is different, they generally allow individuals to retain the value of their assets, but they relinquish control over investment decisions to a third party. They also do not receive information about the contents of the trust until it is terminated. Bresnahan isn't the only lawmaker who continues to trade stocks despite backing a stock trading ban. He's also not the only lawmaker who has continued to trade despite announcing plans for a blind trust. In February 2022, Democratic Rep. Josh Gottheimer of New Jersey announced that he would set up a blind trust. Three years later, that still hasn't happened, and spokesman Tony Wen told BI on Monday that the congressman is still "awaiting approval" from the relevant ethics officials in Congress. "In the meantime, he has taken the extra step of setting up an independent trust," Wen said. Additionally, Republican Rep. Tom Kean of New Jersey announced just before he took office in January 2023 that he would be placing his assets into a blind trust. The congressman still has not disclosed doing so, and his office did not respond to a request for comment. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
He said he'd ban stock trading in Congress. He's made more than 530 trades since taking office.
On the campaign trail, Rep. Rob Bresnahan said he'd push to ban stock trading in Congress. He's traded more than 530 times in office. 40 of those trades were made after he said he'd set up a blind trust. Rep. Rob Bresnahan said he would ban stock trading when he got to Congress. Since the Pennsylvania Republican took office in January, he's traded securities at least 530 times. Forty of those trades, worth at least $166,000, were made after May 6, when he announced that he would move his assets into a blind trust. Business Insider reviewed 11 periodic transaction reports that Bresnahan has filed since January. His investments run the gamut, from tech companies like Meta and Alphabet to energy companies like ExxonMobil and ConocoPhillips. Like fellow Republican Rep. Marjorie Taylor Greene of Georgia, Bresnahan has said that he does not make those trades himself and that his portfolio is managed by an outside third party. Bresnahan has apparently continued to allow that advisor to make trades on his behalf, even after his trades began to draw significant media scrutiny two months ago. "As we've said repeatedly, Rob has no involvement in the stock trades made by his financial advisor," Hannah Pope, a spokeswoman for Bresnahan, told BI. "He's in the process of finalizing a blind trust which requires sign-off from the House Ethics Committee." In March 2021, Bresnahan penned an op-ed in a local paper stating that if elected, he would co-sponsor legislation to ban stock trading in Congress. "Some of the most prolific traders in the country serve in Congress," Bresnahan wrote. "Whether or not they have done something wrong, the idea that we can buy and sell stocks while voting on legislation that will have a direct impact on these companies is wrong and needs to come to an end immediately." The Pennsylvania Republican has emerged as one of the House's most prolific traders. After the New York Times first reported on Bresnahan's trades, his office said he would introduce his own bill instead. One month later, he did, introducing the "TRUST Act," a name that sounded similar to an existing stock ban bill, the TRUST in Congress Act. "I think his staff should learn how to Google," Rep. Chip Roy, the GOP cosponsor of that bill, told NOTUS. At the same time, Bresnahan said he would establish a blind trust. "I have never traded my own stocks, but I want to guarantee accountability to my constituents," the congressman said in a May 6 press release. "That is why I am working with House Ethics to begin the process of enacting a blind trust. I want the people I represent to trust that I am in Congress to serve them, and them alone." While the details of each blind trust is different, they generally allow individuals to retain the value of their assets, but they relinquish control over investment decisions to a third party. They also do not receive information about the contents of the trust until it is terminated. Bresnahan isn't the only lawmaker who continues to trade stocks despite backing a stock trading ban. He's also not the only lawmaker who has continued to trade despite announcing plans for a blind trust. In February 2022, Democratic Rep. Josh Gottheimer of New Jersey announced that he would set up a blind trust. Three years later, that still hasn't happened, and spokesman Tony Wen told BI on Monday that the congressman is still "awaiting approval" from the relevant ethics officials in Congress. "In the meantime, he has taken the extra step of setting up an independent trust," Wen said. Additionally, Republican Rep. Tom Kean of New Jersey announced just before he took office in January 2023 that he would be placing his assets into a blind trust. The congressman still has not disclosed doing so, and his office did not respond to a request for comment. Read the original article on Business Insider
Business Insider
4 days ago
- Business
- Business Insider
He said he'd ban stock trading in Congress. He's made more than 530 trades since taking office.
Rep. Rob Bresnahan said he would ban stock trading when he got to Congress. Since the Pennsylvania Republican took office in January, he's traded securities at least 530 times. Forty of those trades, worth at least $166,000, were made after May 6, when he announced that he would move his assets into a blind trust. Business Insider reviewed 11 periodic transaction reports that Bresnahan has filed since January. His investments run the gamut, from tech companies like Meta and Alphabet to energy companies like ExxonMobil and ConocoPhillips. Like fellow Republican Rep. Marjorie Taylor Greene of Georgia, Bresnahan has said that he does not make those trades himself and that his portfolio is managed by an outside third party. Bresnahan has apparently continued to allow that advisor to make trades on his behalf, even after his trades began to draw significant media scrutiny two months ago. "As we've said repeatedly, Rob has no involvement in the stock trades made by his financial advisor," Hannah Pope, a spokeswoman for Bresnahan, told BI. "He's in the process of finalizing a blind trust which requires sign-off from the House Ethics Committee." In March 2021, Bresnahan penned an op-ed in a local paper stating that if elected, he would co-sponsor legislation to ban stock trading in Congress. "Some of the most prolific traders in the country serve in Congress," Bresnahan wrote. "Whether or not they have done something wrong, the idea that we can buy and sell stocks while voting on legislation that will have a direct impact on these companies is wrong and needs to come to an end immediately." The Pennsylvania Republican has emerged as one of the House's most prolific traders. After the New York Times first reported on Bresnahan's trades, his office said he would introduce his own bill instead. One month later, he did, introducing the "TRUST Act," a name that sounded similar to an existing stock ban bill, the TRUST in Congress Act. "I think his staff should learn how to Google," Rep. Chip Roy, the GOP cosponsor of that bill, told NOTUS. At the same time, Bresnahan said he would establish a blind trust. "I have never traded my own stocks, but I want to guarantee accountability to my constituents," the congressman said in a May 6 press release. "That is why I am working with House Ethics to begin the process of enacting a blind trust. I want the people I represent to trust that I am in Congress to serve them, and them alone." While the details of each blind trust is different, they generally allow individuals to retain the value of their assets, but they relinquish control over investment decisions to a third party. They also do not receive information about the contents of the trust until it is terminated. Bresnahan isn't the only lawmaker who continues to trade stocks despite backing a stock trading ban. He's also not the only lawmaker who has continued to trade despite announcing plans for a blind trust. In February 2022, Democratic Rep. Josh Gottheimer of New Jersey announced that he would set up a blind trust. Three years later, that still hasn't happened, and spokesman Tony Wen told BI on Monday that the congressman is still "awaiting approval" from the relevant ethics officials in Congress. "In the meantime, he has taken the extra step of setting up an independent trust," Wen said. Additionally, Republican Rep. Tom Kean of New Jersey announced just before he took office in January 2023 that he would be placing his assets into a blind trust. The congressman still has not disclosed doing so, and his office did not respond to a request for comment.
