California Democratic Senator Adam Schiff faced criticism after requesting that White House Counsel David Warrington provide financial declarations for key officials, prompting a Trump adviser to suggest that he should first seek similar information from long-serving California Democratic Representative Nancy Pelosi.

“The American public remains deeply concerned about Nancy Pelosi’s extensive and well-documented history of insider trading and is keenly awaiting Adam Schiff to redirect his political theatrics towards more pressing matters, such as Pelosi’s financial portfolio,” stated White House spokesman Kush Desai in response to an inquiry from ABC News regarding Schiff’s letter.

In correspondence addressed to Warrington and White House Chief of Staff Susie Wiles, Schiff articulated his “ongoing and escalating concern regarding… the failure to submit any financial disclosure reports for senior White House officials to the Office of Government Ethics within the legally mandated timeframe.”

Schiff insisted that the White House provide a list of officials required to file “new entrant” reports, an explanation for the “failure to transmit” such reports for certification, and any penalties incurred for “delinquent filings.”

He noted that he had endorsed a bicameral letter in April, which included fellow Californian Representative Mike Levin, Representative Jerrold Nadler from New York, and several other Democrats, seeking similar information.

The White House again countered Schiff’s claims on Thursday, informing Fox News Digital that all officials required to submit public reports are indeed doing so.

“This includes the requirement to file periodic transaction reports that disclose the purchase or sale of specific securities,” remarked Taylor Rogers, a spokeswoman for the White House.

“For decades, administrations from both political parties, including the initial Trump Administration, have adhered to this obligation, acknowledging that public confidence in government relies on strong, enforceable transparency standards,” Schiff stated in a press release.

“Nevertheless, senior officials within this administration have consistently neglected to reveal their assets and business affiliations, and may have improperly utilized their official roles for personal benefit. Schiff emphasized that transparency and adherence to ethical regulations are crucial.”

“If Schiff is truly concerned about ethical standards, he might want to scrutinize his long-time associate more thoroughly.”

“Pelosi, whose personal fortune is reportedly over $120 million, has been accused of insider trading for several years. When a Fox News Digital reporter inquired about this on Capitol Hill last month, she did not respond. Her spokesperson, Ian Krager, subsequently asserted, ‘She does not possess any stocks, and she has no prior knowledge or subsequent involvement in any transactions.'”

“This did not deter Republicans from responding. Missouri Senator Josh Hawley introduced the PELOSI Act, which stands for the Preventing Elected Leaders from Owning Securities and Investments Act, in 2023. Congressman Mark Alford subsequently introduced a House version. The persistent inquiries regarding Pelosi’s trades prompted both pieces of legislation.”

“‘Members of Congress ought to advocate for the constituents they were elected to represent—not engage in day trading at the expense of those constituents,’ Senator Hawley stated. ‘Americans have witnessed politician after politician profiting from information that is not accessible to the general public. It is time to prohibit all members of Congress from trading and holding stocks, thereby restoring the trust of Americans in our legislative body.'”

“Missouri Republican Representative Mark Alford presented his bill in the House to prohibit congressional stock trading, which he described as ‘complementary’ to the legislation proposed by Missouri Republican Senator Josh Hawley in the Senate.”

“‘As public servants, we must hold ourselves to a higher standard and avoid even the appearance of corruption,’ Representative Alford remarked in a press release. ‘Regrettably, too many members of Congress are participating in questionable stock trades based on non-public information to enrich themselves.