The MeidasTouch Podcast
Senator Mark Kelly on Introducing Bill to Ban Congressional Stock Trading
23 May 2025
MeidasTouch host Ben Meiselas reports on MAGA Mike showing sympathy with MAGA Congress Members who engage inside stock trading and Meiselas interviews Democratic Senator Mark Kelly who introduces legislation today to stop insider stock trading by Congress. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
You know, the market volatility we're seeing right now is not normal. In my view, the economy of the United States of America should not look like a Trump meme stock. And we know with Trump meme stocks that there are a group of insiders who are usually the ones benefiting. I mean, I think it's 22 of the crypto wallets made money on the Trump meme stuff while I
like 50,000 people ended up losing money. So when I see this in our markets, it really pisses me off. And then layer on top of that, all the unusual trading patterns around when Trump announces tariffs, when he takes off the tariffs, you see all of this
know activity that at least resembles insider trading and then it pisses me off to no end when you see that members of congress are involved in trading these stocks and making huge amounts of money off it and doing weird trades that would never otherwise exist unless you had some knowledge about what the heck was taking place and we showed the photo there of marjorie taylor green a rapacious stock trader all of a sudden but look let's be clear it's a bipartisan issue in my view
I think that public servants should be public servants. And so even though MAGA Mike Johnson has, you know, he's claimed to some extent that he's against stock trading by members of Congress, I guess, but who knows what the hell he says is true or not.
But then he gave this weird press conference also where he said, well, I don't like this stock trading, but I have sympathy. I get it. Members of Congress, they're not making enough money. They need this. They need stock trading. I get it. Here's what he said. Let's play it.
Well, look, you know, the salary of Congress has been frozen since 2009. You know, when you adjust for inflation, a member of Congress today is making 31% less than they made in that year. It goes down every year. And over time, if you stay on this trajectory, you're going to have less qualified people who are willing to make the extreme sacrifice to run for Congress.
I mean, people just make a reasonable decision as a family on whether or not they can come and move to Washington, have a residence here, a residence at home, and do all the things that are required. So the counterargument is, and I have some sympathy, look, at least let them engage in some stock trading so that they can continue to take care of their family.
Let's bring in Senator Mark Kelly from Arizona, who today, along with Senator Ossoff, introduced the Ban Congressional Stock Trading Act as well. Tell us about everything.
Well, Ben, let me let me start off by saying I have zero sympathy. Zero. I mean, Mike Johnson, a speaker of the House, he can work to raise the salary of members of Congress. These things are totally unconnected. When you're in this job, you get enormous access to information. I sit on the Armed Services and the Intelligence Committee.
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