Another Day Another Dollar for Julia Letlow

The Pelican State's Nancy Pelosi - Becomes Millionaire in Congress

Baton Rouge, LA - Another day, another dollar for Congresswoman Julia Letlow. A new NOTUS report shows she's become a millionaire since being in Congress, largely due to her Nancy Pelosi-style stock trading prowess. This is the opposite of Senator Bill Cassidy and others in the Louisiana delegation who have not used Congress for their personal financial gain.

This from NOTUS: 

“For example, House Appropriations Committee member Rep. Julia Letlow, a Republican who won a special election in 2021 to replace her husband after he died from COVID-19 complications, saw her median net worth rise from $673,000 to more than $1.2 million, in part through the purchase of stocks in companies such as Meta, Walt Disney and Walmart.

Letlow’s main home in Northeast Louisiana, where she lives with her children, was also listed as an asset on her original 2024 filing with a minimum value of $500,001, even though she is not required to report it. Letlow amended her report in January and removed her personal residence from her list of assets.

In January, NOTUS reported that Letlow violated the STOCK Act after she failed to disclose more than 210 personal financial trades on time.

Letlow’s office declined to comment on her personal finances.

Cassidy and Letlow are running in a Republican Senate primary against one another, and Cassidy has made Letlow’s stock trading a campaign issue, calling her “Nancy Pelosi 2.0” — an oblique reference to the tens of millions of dollars worth of stock trades the former Democratic House speaker’s husband has made in recent years.

Cassidy told NOTUS that elected officials “shouldn’t be allowed to cash in by trading stocks,” since they “have access to information that the public does not.””

More from NOTUS on Senator Cassidy: 

““House Speaker Mike Johnson, Majority Leader Steve Scalise and Sen. Bill Cassidy — chair of the Senate’s Health, Education, Labor and Pensions Committee — have witnessed their wealth stagnate or decline since arriving on Capitol Hill, according to a NOTUS analysis of their personal financial disclosures.

Johnson, Scalise and Cassidy all buck the expectation, and frequent reality, that accumulating political power corresponds to increasing personal wealth. Their mortgage costs play a key role in — but do not entirely account for — their financial downturns.

Cassidy, a medical doctor elected to the House of Representatives in 2008 and to the Senate in 2014, had an estimated median net worth of more than $2.2 million the year he was first elected to Congress — exponentially greater than the wealth of most Louisiana residents.””

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