![]() ![]() The potential for conflicts in stock trading by members of Congress - and their choice so far not to impose stricter limits on themselves - has long drawn criticism, especially when particularly blatant cases emerge. These lawmakers - all of whom defended the transactions as proper - are among 97 current senators or representatives who reported trades by themselves or immediate family members in stocks or other financial assets that intersected with the work of committees on which they serve, according to an extensive analysis of trades from the years 2019 to 2021 by The New York Times. ![]() The timing of one trade by the wife of Representative Alan Lowenthal, Democrat of California, was especially striking: His disclosure statement said she had sold Boeing shares on Maone day before a House committee on which he sits released damaging findings on the company’s handling of its 737 Max jet, which was involved in two fatal crashes. Representative Bob Gibbs, an Ohio Republican on the House Oversight Committee, reported buying shares of the pharmaceutical company AbbVie in 20, while the committee was investigating AbbVie and five rivals over high drug prices. Tuberville’s own account, had “been talking about the cattle markets.” Senator Tommy Tuberville, Republican of Alabama and a member of the agriculture committee, regularly reported buying and selling contracts tied to cattle prices starting last year, even as the panel, by Mr. Despite their influence and extensive access to information, members of Congress can buy and sell stocks with few restrictions.Ī New York Times analysis found that 97 lawmakers or their family members bought or sold financial assets over a three-year span in industries that could be affected by their legislative committee work. ![]()
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