White House Press Secretary Karoline Leavitt stated that Democratic Congresswoman and former House Speaker Nancy Pelosi's stock portfolio outperformed all major hedge funds in 2024, even exceeding the annual returns of legendary investor Warren Buffett's Berkshire Hathaway by more than double.

This explosive revelation came a day after the Senate Homeland Security and Government Affairs Committee passed a bill to prohibit members of Congress from buying and selling stocks. The bill was humorously named the (Pelosi Act), formally known as the (Preventing Elected Leaders from Owning Securities and Investments Act). Interestingly, Pelosi herself also supports this bill, which has received strong backing from the Democrats.

Senator Josh Hawley, who introduced the (Pelosi Act), was the only Republican to support this legislation, which ultimately passed the committee by a vote of 8 to 7. However, even though the bill included provisions exempting the president and vice president, Hawley was still criticized by Trump for "leaning towards the Democrats," calling him a "second-rate senator." Trump also called for a review of Pelosi's investments over the past 25 years.

During a White House briefing on Thursday afternoon, a reporter asked Trump about his stance on the (Pelosi bill) and the dispute between him and Hawley. Leavitt stated that the two had talked and emphasized that the president "supports such an idea to ensure that members of Congress and Senators come here to serve the public, not to seek personal gain."

She then further explained:

"The reason for proposing to prohibit members of Congress from trading stocks is because of Nancy Pelosi. I mean, she is rightly criticized for having an annual salary of about $174,000 but a net worth of approximately $413 million. In 2024, Pelosi's stock portfolio—this figure shocked me—grew by 70% in just one year. Moreover, her portfolio's performance in the same year not only surpassed all major hedge funds but also exceeded the return rate of Buffett's Berkshire Hathaway by more than double."

Leavitt added that she believes the president would not want to see someone like Pelosi using public office to enrich themselves, even exploiting voters in the process. As for the specific details of this bill and how it will be advanced, the White House is still in ongoing discussions with members of Congress.

Pelosi denies the allegations

According to Fox News, Trump accused Pelosi on Wednesday of accumulating wealth through stock trading based on "insider information."

However, Pelosi later refuted Trump's claims during a CNN interview, and in turn accused him of simply shifting the blame.

"That's ridiculous," Pelosi said. "In fact, I strongly support the proposal to prohibit members of Congress from trading stocks. Not because I think anyone is actually doing anything wrong; if they had real issues, they would be prosecuted and then go to jail. Advocating for this bill would strengthen the confidence of the American people, so that everyone doesn't have to worry about these issues."

Nancy Pelosi got upset at Jake Tapper for reading what Trump had to say about her insider trading. You can read the truth based on her reaction. pic.twitter.com/ghHs3UJTWL

— X22 Report (@X22Report) July 30, 2025

She added that she has no concerns about publicly transparent investments for a long time, "I personally am not involved; my husband handles it, but it has nothing to do with any insider information." Pelosi's spokesperson Ian Krager stated in a statement to Fox News: "Speaker Pelosi does not own any stocks, is unaware of any related transactions, and has not participated in any follow-up actions."

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