NOTE: VIDEO AT THE END OF ARTICLE
California Democrat Adam Schiff is once again at the center of controversy, this time calling for financial transparency from senior officials in Donald Trump’s White House. Schiff recently penned a letter to White House counsel David Warrington and Chief of Staff Susie Wiles, criticizing what he describes as a failure to file required financial disclosure forms with the Office of Government Ethics.
According to Fox News, Schiff expressed “continued and growing concern” over the alleged delays in submitting these reports, which federal law mandates for high-level government personnel. His letter also asked for a list of officials obligated to submit “new entrant” disclosures, details on why the filings were allegedly not transmitted, and whether any late penalties had been issued.
The Trump team didn’t waste time firing back. Spokesman Kush Desai dismissed Schiff’s request as political theater, turning the spotlight instead on one of Schiff’s closest political allies—former House Speaker Nancy Pelosi. In a statement to ABC News, Desai said, “The American people continue to be deeply concerned about Nancy Pelosi’s longstanding record of questionable stock trades. Maybe it’s time for Adam Schiff to direct his energy there.”
White House spokeswoman Taylor Rogers also rejected Schiff’s claims, asserting that the Trump administration remains fully in compliance with federal ethics laws, including the requirement to disclose security transactions through periodic reports.
Still, Schiff has persisted, claiming that transparency standards have deteriorated under the current administration. “This isn’t a partisan issue,” he said. “Ethical governance relies on public trust, and that trust is built through accountability.”
Critics argue Schiff’s focus on the Trump team is selective, pointing to the ongoing scrutiny of Pelosi’s financial dealings. Pelosi, whose net worth is estimated at over $120 million, has long faced allegations of insider trading—claims she has consistently denied. Her spokesman has stated she owns no individual stocks and has no involvement in her husband’s trades.
The controversy has sparked legislative responses from Republicans. Senator Josh Hawley introduced the PELOSI Act in 2023—short for Preventing Elected Leaders from Owning Securities and Investments—aimed at banning congressional stock trading. Representative Mark Alford followed with a similar bill in the House, calling for higher ethical standards among lawmakers.
“As public officials, we must avoid even the perception of impropriety,” Alford said. “Congress shouldn’t be a place for personal profit.”
https://www.youtube.com/watch?v=S7_Z53ecnVY
