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President Donald Trump urged Congress to ban members of Congress from trading stocks, calling for legislation to prevent lawmakers from profiting using insider information — and took a jab at former House Speaker Nancy Pelosi during remarks in the House chamber. Trump also criticized Pelosi’s stock trading record and accused her of benefiting from insider knowledge, even as Democrats defend existing ethics rules and prior efforts to restrict stock trading by lawmakers.

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00:00They stood up for that, I can't believe it.
00:06I can't believe it.
00:09Did Nancy Pelosi stand up if she's here?
00:13Doubt it.
00:15We have millions and millions of people. Because the stock market has done
00:19so well, setting all those records, your 401Ks are way up.
00:23Yet half of all of working Americans still do not have access to a retirement
00:28plan with matching contributions from an employer.
00:31To remedy this gross disparity, I am announcing that next year
00:36my administration will give these often forgotten American workers, great people
00:40the people that built our country, access to the same type of retirement
00:44plan offered to every federal worker. We will match your contribution
00:48with up to $1,000 each year.
00:51As we ensure that all Americans can profit from a rising stock market
00:56let's also ensure that members of Congress cannot corruptly profit
01:01from using insider information.
01:24They stood up for that, I can't believe it.
01:30I can't believe it.
01:33Did Nancy Pelosi stand up if she's here?
01:37Doubt it.
01:39Pass the Stop Insider Trading Act without delay.
01:56I wasn't sure if anybody even on this side was going to applaud for that.
02:00I was very impressed. Thank you. I'm very impressed.
02:04But when it comes to the corruption that is plundering,
02:07really, it's plundering America.
02:10There's been no more stunning example than Minnesota.
02:15The members of the Somali community have pillaged
02:19an estimated $19 billion from the American taxpayer.
02:23Oh, we have all the information.
02:25And in actuality, the number is much higher than that.
02:28And California, Massachusetts, Maine, and many other states are even worse.
02:34This is the kind of corruption that shreds the fabric of a nation.
02:39And we are working on it like you wouldn't believe.
02:41So tonight, although started four months ago,
02:45I am officially announcing the war on fraud
02:48to be led by our great Vice President, J.D. Vance.
03:11He'll get it done.
03:13If we're able to find enough of that fraud,
03:17we will actually have a balanced budget overnight.
03:21It'll go very quickly.
03:22That's the kind of money you're talking about.
03:24We'll balance our budget.
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