Democratic parliament members “very” calling for the White House to issue full disclosure of financial transactions that lead to the break of President Donald Trump who suddenly at a series of tariffs that swept earlier this month, increased concerns that people close to the president “have the potential to violate the federal ethics and the law of trafficking in people” around his actions.
Sen. Adam Schiff, D-Calif., And Rep. Mike Levin, D-Calif., Sent a Letter on Monday, signed by a group of 23 other democrats, to white house chief of staff Susie Wiles, calling for a commitment from all senior white house and executive branch employees to “expeditionsly” Start of Trump’s term to the office of government ethics, requesting, too, that all of this mandatory reporting be published.
Senator Adam Schiff attended a hearing at Capitol Hill in Washington, DC, April 7, 2025.
Elizabeth Frantz/Reuters
The letter, which was distributed first with ABC News, also asked the extension given to the White House employees related to their accounting reports to become public, noted that this was practiced during the first Trump government.
“We are worried that there are no regular transaction reports posted in the Oge database for the disclosure of individual White House officials at any point since President Trump served on January 20, 2025,” Schiff and Levin wrote.
“There is a reason to doubt that none of the officials or employees of the Senior White House have made financial transactions that have triggered regular transaction reports from the beginning of the administration,” the letter continued. “As an important reference point, during the first Trump administration, periodic transaction reports submitted by senior White House officials are provided to the public in the Oge disclosure database, as required by ethics in government laws and stock laws.”
The White House did not immediately respond to ABC comments requests to comment.
A few hours before Trump announced that he launched a 10% return rate to all countries except China, which made the stock market soaring, he posted on the Social Truth: “Be cool! Everything will succeed well. The US will be bigger and better than before!” and “This is the right time to buy !!! DJT.”
Stocks down the morning before Trump’s actual social post. Nasdaq jumped 12.1% at close range, the increase in one day the largest index since 2021, while Dow jumped 7.8%, an increase of the largest day in five years.
“The newly identified data raises concerns about the potential violations of federal ethics and the law of internal trafficking by people close to the president with access to non-public information,” said Schiff and Levin.
Trump said he had not been involved in trafficking in his own person – but he could not claim that his government members had not. “I can commit to myself, that’s all I can do,” Trump told reporters on Friday, when asked whether he could convince Americans that no one in his government was trading in with information about the trade agreement that came together.
Trump said he employed “honorable people” but said, “I have thousands of people who work for me, but I can’t imagine anyone doing that.”
Democrats asked for a response from Wiles no later than on May 9, 2025, and for “detailed plans” for how administration plans to talk to officials and employees who might fail to submit the necessary disclosures from the beginning of the administration.
“By failing to take these steps, the government will withstand important information from Americans regarding the potential violations of federal ethics and the invoices of internal trafficking. We hope to review all necessary reports and disclosures,” Schiff and Levin wrote.
“Senior White House officials have an influence on or become the intelligence of consequence policy decisions that can have a market moving impact,” said the letter. “It is very important that such officials comply with all the applicable ethics, conflicts of interest, and disclosure requirements.”
“American public deserves full transparency, especially in the context of damage carried out on pension funds and pension savings as a result of uncertain presidential trade policies,” he continued
The letter was signed by Sens. Chris Van Hollen, Elizabeth Warren, Jeffrey Merkley and Elissa Slotkin, as well as Reps. Brad Sherman, Brad Schneider, Angie Craig, Jerry Nadler, Rashida Tlaib, Cleo Fields, Yassamin Ansari, Seth Magaziner, Pramila Jayapal, Eleanor Holmes Norton, Nanette Diaz Barragán, Mark Desaulnier, Madleine Dean and Delia Ramirez.
Schiff had previously written to Wiles and US trade representative Jamieson Greer over Rollbacks on Trump tariffs. In the letter, sent with Senator Ruben Gallego, D-Ariz., Schiff requested an investigation of potential conflicts of interest. Schiff has not received a response from Wiles after his request, a Senator spokesman told ABC News.