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Kudlow slams senators who allegedly traded stock before pandemic

Kudlow slams senators who allegedly traded stock before pandemic
© Aaron Schwartz

White House economic adviser Larry KudlowLarry KudlowMORE slammed U.S. senators who allegedly traded stock before a massive coronavirus outbreak in the United States during a tele-town hall hosted by Arizona Sen. Martha McSallyMartha Elizabeth McSallyMark Kelly on Trump hurrying McSally rally speech: Have 'respect' Arizona: On the fast track to swing state status Trump fights for battleground Arizona MORE (R) Thursday evening.  

“If it is proven that they’ve done something illegal or unethical, they will have to be significantly punished,” Kudlow said. “I don’t put up with any of that nonsense.”

Last month, financial disclosures allegedly revealed Sens. Richard BurrRichard Mauze BurrAs Trump downplayed the virus publicly, memo based on private briefings sparked stock sell-offs: NYT Hillicon Valley: Subpoenas for Facebook, Google and Twitter on the cards | Wray rebuffs mail-in voting conspiracies | Reps. raise mass surveillance concerns Bipartisan representatives demand answers on expired surveillance programs MORE (R-N.C.), Kelly LoefflerKelly LoefflerGeorgia senator to skip debate after Democratic rival goes viral Loeffler says she's 'not familiar' with Trump's comments from 'Access Hollywood' tape The Hill's Campaign Report: Biden's big battleground | Trump and Harris hit the trail in Arizona | Turnout surges among new voters MORE (R-Ga.), James InhofeJames (Jim) Mountain InhofeOvernight Defense: Dems want hearing on DOD role on coronavirus vaccine | US and India sign data-sharing pact | American citizen kidnapped in Niger Senate Democrats want hearing on Pentagon vaccine effort Governors urge negotiators to include top priorities in final defense policy bill MORE (R-Okla.) and Dianne FeinsteinDianne Emiel FeinsteinPence seeks to lift GOP in battle for Senate McConnell and Schumer's relationship shredded after court brawl Murkowski predicts Barrett won't overturn Roe v. Wade MORE (D-Calif.) sold hundreds of thousands of dollars in stocks within days of the Senate holding a briefing on Jan. 24 with administration officials on the coronavirus outbreak. Both Inhofe and Feinstein later said that they were not present at the briefing.

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After facing multiple calls for his resignation — including from conservative commentator Tucker CarlsonTucker CarlsonHunter Biden questions are too important for the media to dismiss Cable news October ratings explode as Fox News hits historic highs Trump aide accuses CNN's Chris Cuomo of breaking quarantine while COVID-19 positive in heated interview MORE — Burr called for an ethics investigation into his own stock trading. 

Kudlow, a former Wall Street economist and Reagan staffer, said that if the senators partook in illicit trading, the they should be disciplined. 

“In our great system of free enterprise, you have to play by the rules; everybody has to play by the rules ... we all have to play by the rules, and if not we’ll have to face the consequences,” he said. 

McSally agreed with the White House economist. 

“Larry, I couldn’t agree with you more. If these allegations are true, they need to be held accountable,” McSally said.

On Tuesday, it was reported Georgia Sen. David Perdue (R) purchased stock in a company that produces personal protective equipment as the coronavirus pandemic began to spread in the U.S. However, an official for Perdue said that he was not at the Jan. 24 briefing, and mentioned that the senator has not been involved in his personal finances since taking office. 

Updated 9:51 p.m.