Lawmakers make stock trades days before Russian invasion of Ukraine, report says – WSB-TV Channel 2
ATLANTIS — Channel 2 Action News Confirmed Rep. Marjorie Taylor Greene is among at least 18 members of Congress who own shares in defense contractors that manufacture weapons for Ukraine.
Critics fear that lawmakers are putting personal profits ahead of the best interests of the country.
“We have a system in which, under current law, members of Congress are authorized to buy and sell stocks of defense contractors, while they make important decisions regarding military aid,” said Delaney Marsco of the Campaign Legal Center. Channel 2.
Defense contractors Lockheed Martin and Raytheon are making the Javelin and Stinger missiles headed for Ukraine.
Channel 2 learned that Greene purchased between $1,001 and $15,000 worth of Lockheed Martin stock on Feb. 22, 2022.
The purchase took place days before Russia invaded Ukraine, according to the federal government’s periodic transaction report.
According to the same report, Democratic Senator John Hickenlooper, also a former governor of Colorado, owns between $100,001 and $250,000 worth of Raytheon stock.
Marsco said it was a clear conflict of interest.
“We just can’t really be sure these decisions are made because it’s in the best interest of the country,” she said.
Channel 2 Action News contacted Hickenlooper’s office for comment, but received no response.
Greene’s office sent us a statement saying:
“Our investment advisor has full discretion over our accounts. We have owned this US company for years and this small investment was part of our overall investment strategy. This has been purchased with other companies like Clorox, Walgreens and Caterpillar to name a few.
Senator Jon Ossoff introduced the “Congress Stock Trading Ban Act.” It prohibits members of Congress or their families from trading while in office.
Channel 2 Action News told you about the proposal for the first time in February when reporting on members of Congress who traded stock in COVID-19 vaccine makers during the pandemic.
The “Ban Congressional Stock Trading Act” enjoys the support of Republicans and Democrats.
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