The bill would ban members of Congress from trading in weapons companies like Lockheed Martin and Raytheon, as well as in Amazon, Pfizer and thousands more Department of Defense contractors.
Sludge on defense
Murray and Schumer, the sponsors of the proposal, have both received hundreds of thousands of dollars in campaign funding from AIPAC and other pro-Israel donors.
A Sludge analysis estimates that more than half of the fiscal year 2024 Pentagon budget will go to private contractors, with the five largest companies raking in one-sixth of all military spending.
In repeated votes, Gallego has sided against amendments from his Progressive Caucus colleagues that would have reduced the Department of Defense budget by 10%.
Some well-known gun makers hold rich contracts with the federal government as they lobby against firearms regulations.