The White House Claims Pelosi’s Stock Trading Performance is Remarkable, Surpassing Major Hedge Funds and Warren Buffett

White House Press Secretary Karoline Leavitt stated that the stock portfolio of Democratic Congresswoman and former House Speaker Nancy Pelosi outperformed all major hedge funds in 2024, surpassing even 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 Governmental Affairs Committee passed a bill prohibiting members of Congress from buying and selling stocks. The bill is humorously named the PELOSI Act, formally titled the Preventing Elected Leaders from Owning Securities and Investments Act. Interestingly, Pelosi herself supports this bill, which has also been strongly pushed by Democrats.

Senator Josh Hawley, who proposed the PELOSI Act, was the only Republican to support this legislation, which ultimately passed in the committee by a vote of 8 to 7. However, even with provisions exempting the President and Vice President from the bill, Hawley faced criticism from Trump for “caving to Democrats,” labeling him a “second-rate senator.” Trump also called for an investigation into 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 Act and the dispute between him and Hawley. Leavitt indicated that the two had spoken and emphasized that the President “supports the idea of ensuring that members of Congress and Senators come here to serve the public, not to enrich themselves.”

She further explained:

Leavitt added that she believes the President would not want to see individuals like Pelosi using public office to enrich themselves, even at the expense of their constituents. As for the specific details and further progression of the bill, the White House continues to discuss it with members of Congress.

Pelosi Denies 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 in an interview with CNN, countering that he was merely deflecting accusations.

She added that she does not feel concerned about her long-standing transparent investments, stating, “I am not involved; it is my husband who handles it, and it has nothing to do with any insider information.” Pelosi’s spokesperson Ian Krager also stated in a statement to Fox News, “Speaker Pelosi does not hold any stocks, has no knowledge of the related transactions, and has not participated subsequently.”