Democratic legislators are “urgently” for the White House to issue a complete revelation of the financial transactions that lead to the sudden pause of President Donald Trump about a set of broad tariffs earlier this month, which raises concerns that people close to the president “potentially violated federal laws of ethics and intermediaries.”
Senator Adam Schiff, D-Calif., And representative Mike Levin, D-Calif., Sent a letter on Monday, signed by a group of other 23 Democrats, to the chief of cabinet of the White House, Susie Wiles, asking for a commitment of all the Senior of the White House and the executive employees to “expeditantly” all the reports related to their transactions of values from the beginning of the beginning In Trump’s term to the government office, they also ask the office in the government of the members of the Government.
Senator Adam Schiff attends a audience at Capitol Hill in Washington, DC, on April 7, 2025.
Elizabeth Frantz/Reuters
The letter, shared first with ABC News, also requests that any extensions granted to White House employees related to their accounting reports become public, and pointed out that this was practiced during the first Trump administration.
“We are concerned that periodic transactions reports have not been published in the OGE database for the individual dissemination of the White House officials at any time since President Trump assumed the position on January 20, 2025,” Schiff and Levin wrote.
“There are reasons to doubt that not a single official or employee of the White House has made financial transactions that trigger a periodic transaction report since the beginning of the administration,” the letter continued. “As an important reference point, during the first Trump administration, the periodic transactions reports presented by senior White House officials were made available to the public in the OGE dissemination database, as required by the Ethics Law in the Government and the Action Law.”
The White House did not immediately respond to a request for ABC News comments.
Hours before Trump announced that he was going back to 10% to all countries, except China, which sent to the upward stock market, he published in Truth Social: “It’s great! Everything will work well. The United States will be larger and better than ever before!” And “This is a good time to buy! Djt.”
The actions had dropped the morning before Trump’s social position. Nasdaq shot 12.1% at the close, the highest gain of a single index day since 2021, while the Dow increased 7.8%, its largest increase of one day in five years.
“The recently identified data raises concerns about possible violations of federal ethics and commercial laws of privileged information by people close to the president with access to non -public information,” says the letter from Schiff and Levin.
Trump has said that he has not been involved in the exchange of privileged information, but that he could not definitely affirm that the members of his administration have not done so. “I can commit myself with myself, that’s all I can commit to me,” Trump told reporters on Friday, when he was asked if he could assure Americans that no one in his administration was exchanging information about the commercial agreements that joined.
Trump said he hires “honorable people” but said: “I have thousands of people who work for me, but I can’t imagine anyone doing that.”
The Democrats requested a response from Wiles no later than May 9, 2025, and for a “detailed plan” on how the administration plans to address the officials and employees who could not have presented disseminations required since the beginning of the administration.
“By not taking these measures, the Administration would retain critical information from the American people with respect to possible violations of federal ethics and commercial laws.
“The senior White House officials have influence or become consequent political decisions that may have impacts in the market motion,” said the letter. “It is essential that such officials adhere to all applicable ethics, conflicts of interest and dissemination requirements.”
“The American public deserves nothing less than full transparency, particularly in the context of damage done to pension funds and retirement savings as a result of the president’s erratic commercial policy,” 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 Jayopal, Eleanor Holmes Norton, Nanette Díaz Barragán, Mark Desulnier, Madeleine Dean and Delia Ramirez.
Schiff had previously written to Wiles and the United States commercial representative, Jamieson Greer, about Trump’s reversals. In that letter, sent with Senator Ruben Gallego, D-Arizona, Schiff requested an investigation into possible conflicts of interest. Schiff has not received a response from Wiles after his application, said a senator spokesman for ABC News.
