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Senator Elizabeth Warren said on Thursday, November 12, 2026, that the president and every member of Congress should be banned from owning or trading stocks, pointing to more than 31,000 transaction entries in President Donald Trump’s investment disclosures. “Enough is enough,” Warren wrote in posts published on X and Substack. “We need to ban the president and every member of Congress from owning, buying, or selling stocks.”
The figure Warren cited comes from a public tracker of Trump’s disclosures, which counted 31,728 transaction entries through August 31, 2026, including entries in his 2026 annual report. The tally combines periodic transaction reports with the annual disclosure, and includes 21,115 annual-report entries, removing matches already listed elsewhere. It is an entry count, not a verified total of completed trades during Trump’s presidency: the figure includes 83 entries dated before his second inauguration on January 20, 2025, and the disclosure forms list stock and bond purchases and sales but do not identify who directed each transaction or establish whether officials had confidential information.
Warren and Representative Robert Garcia raised separate questions about the timing of Trump’s disclosed investments in an August 13 letter to the president. They highlighted 3,555 stock transactions from the first quarter of 2026 and asked about 30 of them, including a purchase of up to $1 million in Nvidia stock on January 6, a week before the administration loosened export rules allowing Nvidia to sell chips to China, and purchases of Axon stock two weeks before a $220 million federal contract for Tasers. The Trump Organization has said independent managers control the president’s investment accounts, and Treasury Secretary Scott Bessent defended the trades at a Senate Finance Committee hearing in June, saying Trump was not personally directing them.
Congress has considered bills with different coverage. The House passed H.R. 7008, which would limit stock purchases by lawmakers and their families but would not cover the president. On September 30, the Senate failed to advance the measure in a 53-47 procedural vote. H.R. 10199, introduced on August 31, would apply to the president, members of Congress, senior officials and qualifying family members, and would also cover digital assets and prediction-market contracts. The bill remains a proposal.
Warren is set to take over as chair of the Senate Banking Committee in January, after the Democratic sweep in the November 3 midterm elections, a post that would give her subpoena power over the financial industry and the administration. No court has found any of Trump’s trades illegal, and the president and vice president are exempt from the criminal conflict-of-interest statute that binds other federal officials; the STOCK Act requires disclosure of trades, not a ban on them.