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GOP congressman suggests he’d ‘lose money and go broke’ if advisers stop stock trades

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01.08.2025

Rep. Rob Bresnahan (R-Pa.) dismissed the idea of directing his financial advisers to halt any stock trades amid his difficulties in establishing a blind trust that meets his standards, suggesting he would “lose money and go broke.”

Bresnahan, who has come under heat for continuing stock trades carried out by his advisers despite writing in support of banning congressional stock trades while campaigning for his seat, made the comment in an interview with local public news organization WVIA that was published Thursday.

While Bresnahan said he has not been involved with the stock trades directed by his financial advisers, the outlet noted that he could order his advisers to stop trading stocks.

“And then do what with it?” Bresnahan told WVIA. “Just leave it all in the accounts and just leave it there and lose money and go broke?”

Bresnahan, a businessman whose net worth is estimated to be in the multimillions, has said he would like to form a blind trust that would block him from having any control or knowledge of trades made on his behalf. But Bresnahan said he wants to use his existing financial advisers and wants to instruct the trustee to avoid investments that benefit foreign adversaries and avoid shorting American companies — running........

© The Hill