Here Are the Members of Congress Invested in War
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
More than 50 members of Congress own stock in defense contractors whose profits are soaring from giant Pentagon budgets and supplemental weapons packages.
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.
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.
The Texas Democrat has taken hundreds of thousands from defense companies with histories of ripping off taxpayers.
The top Fortune 500 donors this year to House GOP election objectors are weapons companies whose revenue comes overwhelmingly from defense contracts.
Here are the members of Congress who own stock in defense contractors like Lockheed Martin and Raytheon.
The Nashville Democrat, chair of the House subcommittee overseeing nuclear weapons programs, received max contributions last cycle from the PACs of several top defense contractors.
Luria was recently elected vice chair of the House Armed Services Committee after taking contributions from the PACs of several defense contractors to pay off her reelection campaign's debt.
For the first time, witnesses to Congress will have to disclose all entities they are affiliated with that have an interest in the topic of the hearing.
House Armed Services Committee chair Adam Smith (D-Wash.), a top recipient of PAC money from weapons makers, has called some Democrats "extremists" for wanting to reduce the Defense Department's $740.5 billion budget.