Revealed: Unearthed audio catches GOP rep in a lie using his own words
Source: Alternet.org · Bias: Left
Summary
A Republican congressman who has made stock trading a key issue in his campaign and legislation has seemingly been caught in a contradiction on how he handles his finances, according to Politico.Rep. Rob Bresnahan (R-Pa.) has consistently insisted that he doesn’t talk about stock trading with his financial advisor and has no input on his portfolio’s trading activity.But a local radio station interview with him from April 2025 has surfaced in which he admitted he meets with his broker to “talk about, you know, what different positions are coming up.”In the interview with host Bob Cordaro, Bresnahan was asked a pointed question: “Sum and substance, you’re saying, ‘Look, I did not buy and sell on information I’ve gleaned here in Congress. My adviser’s doing my trading for me, and I am duly reporting it.’ Is that fair?”Bresnahan responded by saying, “Absolutely. Absolutely. Right hand to God on my mother’s life. Without a question.” He added, “I’m not on a day by day, minute by minute. I mean, I meet with my financial adviser. We talk about, you know, what different positions are coming up.” Bresnahan has made stock trading issue a key, campaigning on it in 2024, then introducing a bill last year after his election that would ban congressional stock trading starting in 2027. He did this while engaging in more more than 600 stock trades in 2025 before stopping the activity toward the end of the year. His Periodic Transaction Reports, issued in summer of 2025, denied his input into trading activity. “All investment decisions related to my personal financial portfolio are delegated to professional financial advisors. I have no role in, nor am informed of, specific investment decisions prior to their execution.”Members of Congress are required to file the reports to disclose Wall Street transactions.Bresnahan campaign spokesman Chris Pack said Bresnahan’s comments were “referring to 30,000 foot investment strategy and not about stock trades, and that is clear in the surrounding context of the interview.” The interview is no longer available on the host’s website, Politico reports.Bresnahan’s congressional spokesperson, Hannah Pope, told the New York Times last year that Bresnahan trades are done by a financial adviser without his input. He learns about them when the public does through reports that members of Congress have to file on their trading, she said.The Bresnahan trading is a key issue in what’s anticipated to be a tight race for his seat in the November midterms. He will face off with Democrat and Scranton Mayor Paige Cognetti, who has made banning congressional trading as her first issue on her campaign website. A TV campaign is also underway on Bresnahan's trading.
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