Krishnamoorthi Calls on Chairman Comer to Hold Hearing on Potential Trading on Iran War Intelligence by Senior Trump Administration Officials

WASHINGTON - Congressman Raja Krishnamoorthi, a senior member of the House Committee on Oversight and Government Reform, today called on Chairman James Comer to immediately convene a public hearing and launch a full Committee investigation into whether senior Trump Administration officials, or those acting on their behalf, may have traded on nonpublic information tied to military operations and national security decisions related to the ongoing war in Iran.

In a letter sent to Chairman Comer, Krishnamoorthi warned that recent reports involving senior officials and prediction market activity tied to anticipated military action raise serious ethics, legal, and national security concerns that demand immediate congressional oversight.

"The ongoing war in Iran has driven significant movements across defense, energy, and related markets and heightened public concern that senior officials with access to nonpublic information regarding military operations and national security decisions could, directly or indirectly, engage in financial activity that appears to benefit from those developments."

The letter specifically raises concerns regarding reported financial activity involving Secretary Pete Hegseth, Special Envoy Jared Kushner's failure to file the required public financial disclosure report, and separate reports that individuals with access to protected or nonpublic information may have profited through prediction markets tied to the timing of U.S. strikes on Iran.

"The seriousness of the allegations raises a broader question that extends beyond any single official or department: whether the Trump Administration's senior leadership, including Cabinet and White House personnel, is subject to robust and consistently enforced ethics safeguards sufficient to prevent officials-or those acting on their behalf-from trading on, or appearing to trade on, nonpublic information related to war, sanctions, energy policy, procurement, or other market-moving government decisions."

Krishnamoorthi specifically asks Chairman Comer to:

1. Determine whether existing executive branch ethics rules, guidance, and training adequately govern stock trading, prediction market activity, and other financial transactions by senior officials with access to sensitive information related to military operations, national security decisions, sanctions, or other market-moving government actions.

2. Review the public financial disclosure reports, transactional disclosures, and any other available records for relevant senior Trump Administration officials, including Secretary Pete Hegseth and Jared Kushner, to assess whether any financial activity raises actual or apparent conflict-of-interest, insider trading, or ethics concerns.

3. Investigate whether any senior Administration officials, their immediate family members, or individuals acting on their behalf engaged in financial activity involving defense, energy, or related sectors in close proximity to military operations or other sensitive national security decisions.

4. Examine whether agency ethics offices, including at the Department of Defense, were made aware of any such financial activity and, if so, what steps were taken to review, restrict, or mitigate any actual or apparent conflicts of interest.

5. Assess whether additional safeguards, trading restrictions, divestiture requirements, or enhanced disclosure obligations are necessary to ensure that senior officials with access to sensitive war-related information are not able to personally profit from those decisions.

6. Require testimony from Secretary Hegseth, Special Envoy Kushner, and any other relevant officials before the full Committee to address these matters under oath.

The letter is available here.