California Senator Adam Schiff is under fire for demanding financial disclosures from senior White House officials while allegedly ignoring similar controversies involving his Democratic colleague, Nancy Pelosi. Schiff sent a letter to White House counsel David Warrington and Chief of Staff Susie Wiles expressing concern over the failure to submit financial disclosure reports to the Office of Government Ethics. The Trump team quickly dismissed the move as political theater, with spokespersons accusing Schiff of hypocrisy for overlooking Pelosi’s controversial financial dealings. Pelosi, whose wealth reportedly exceeds $120 million, has faced repeated allegations of insider trading. Although her office insists she has no involvement in stock transactions, critics remain skeptical.

Republican lawmakers have used the controversy to reignite calls for banning stock trading by members of Congress. Senator Josh Hawley and Representative Mark Alford have introduced legislation — the PELOSI Act and a complementary House bill — aimed at preventing elected officials from trading stocks to protect public trust. They argue that elected representatives should not exploit non-public information for personal gain. Despite increasing public scrutiny and bipartisan support for reform, Pelosi has shown little enthusiasm for a trading ban, offering only tepid support when asked. Meanwhile, the White House maintains that its officials are in compliance with ethics rules, accusing Schiff of using transparency concerns as a political weapon rather than addressing them uniformly.