Scott Bessent says Congress’ stock returns ‘would make hedge funds jealous,’ urges ban

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Scott Bessent, the Treasury Secretary, said on Wednesday that members of Congress should be banned from trading individual stocks, according to Bloomberg . He pointed to what he described as “eye-popping” profits made by lawmakers, claiming their gains were better than most hedge funds. He specifically named Nancy Pelosi and Ron Wyden while calling out the credibility of the House and Senate. In Scott’s words, “The American people deserve better than this.” His demand adds weight to recent legis...