Congress’ Newcomers Hold Millions in Stocks Tied to Their Committees
Financial disclosures of freshman representatives reviewed by Sludge show large stock holdings in companies that will be directly impacted by the lawmakers' committee work.
49 posts with this tag
Stocks
Khanna Stock Bill Laden With Spouse Loophole. Khanna Says It Will Be Fixed Next Congress
The resolution urges Congress to pass legislation banning senators and representatives from trading stocks, but its current text would not cover spouses or dependent children. Khanna says the bill will be reintroduced next Congress to mirror the TRUST in Congress Act.
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.
Fetterman, Gallego, and Others Violate Ethics Law by Failing to Report Stock Trades
At least nine members of Congress have already violated the STOCK Act this month by failing to disclose their financial transactions within 45 days.
New Jersey Dem Invests in His Donors’ Private Equity Firm
Josh Gottheimer bought KKR stock two days before receiving tens of thousands in donations from the firm's executives.
Pelosi Fundraiser Retained by Palo Alto Networks
Nancy Pelosi’s husband recently invested up to $1.25 million in call options for the cybersecurity firm’s stock.
Rashida Tlaib Proposes Defense Stock Ban for Members of Congress
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.
Democrats' Stock Ban Bill Has a Major Loophole, Ethics Expert Says
A former federal ethics official warns it would authorize “fake blind trusts in every branch of government.”
The Conflicted: Reps Own Stock in Companies While Serving on Committees Overseeing Them
Despite public anger over congressional stock trading, senators and reps have held on to personal investments in companies that fall under their committees' jurisdiction.
Three More Senators Violated the STOCK Act
At least two more Democrats and a Republican senator failed to report stock transactions last year as a ban on congressional stock trading flounders in a Senate working group.