CNN reports, "In the immediate aftermath of the Israel-Hamas War, shares of military contractors spiked."
And members of Congress like corporate Democrat Josh Gottheimer recently bought stock in...military companies.
Americans deserve to be confident that lawmakers' decisions on vital issues like war and peace are not based on their personal stock portfolios.
Members of Congress often get detailed briefings the public may not have access to for days, weeks, or even months. During COVID, before the public knew what was coming, one Republican senator bought stock in body bags.
Today, at least fifteen members of Congress with responsibility for military policy invest in defense contractors. Over a dozen members in key roles shaping energy policy invest in fossil fuel corporations. The list goes on.
Senators Jeff Merkley and Sherrod Brown have introduced a bipartisan initiative, the ETHICS Act, aimed at halting stock trading activities by members of Congress. Members of Congress would still be able to put their money in mutual funds and index funds -- they just could not buy stock in individual companies.
Thanks for being a bold progressive.
-- The PCCC Team
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