A new message from your friends at People For the American Way.
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PFAW Member,
With news of the coronavirus rightfully dominating headlines right now, we
wanted to make sure you saw some of the latest developments in the scandal
regarding potential stock dumping by members of Congress.
New reporting reveals that Republican Senator Kelly Loeffler (R-GA) and
her husband bought and sold more than $1.4 million in stocks upon learning
of developments related to the spread of the coronavirus. Like Senator
Burr, Sen. Loeffler serves on the Senate Intelligence Committee and
received regular (and confidential) briefings on the emerging public
health threat.^1
[ [link removed] ]Demand an SEC investigation into members of Congress who dumped stocks
to protect their investments because of the coronavirus pandemic!>>
This kind of egregious self-dealing has no place in Congress, should be
investigated fully, and those who participated should be held accountable.
Thanks for all that you do,
-- PFAW
[1] [ [link removed] ]"Loeffler traded $1.4M in stocks as Congress responded to
coronavirus pandemic" The Hill, 4/1/20
----[previous message]----
[ [link removed] ]Investigate members of Congress who dumped stocks ahead of the coronavirus
outbreak! Sign today.
PFAW Member,
Reporting from ProPublica reveals that Senator Richard Burr (R-NC)
possibly exploited early knowledge of the coronavirus pandemic – obtained
by way of his position as Senate Intelligence Committee Chairman – by
selling off millions in stocks last month… just weeks before the stock
market began to nosedive because of the coronavirus outbreak.^1
Other reports are out that Burr also was warning others from his state in
a private meeting about the extreme impact the pandemic would soon have on
Americans’ daily life and the economy, even as he publicly backed up the
Trump administration’s downplaying of the crisis!^2
Burr’s actions reek of corrupt self-dealing and possibly some form of
insider trading. To his credit, Sen. Burr has said he welcomes an
investigation by the Senate Ethics Committee, but an independent
investigation by the Securities and Exchange Commission (SEC) is also
needed to determine if Burr – and possibly other members of Congress –
acted inappropriately with insider knowledge to protect their own
financial assets.
[ [link removed] ]Add your name to demand the truth: Sen. Burr needs to fully explain
this series of events, and the Securities and Exchange Commission must
investigate! >>
While Senator Burr and other Republicans were providing public assurances
that the U.S. was prepared for a potential coronavirus outbreak (and
sometimes even DOWNPLAYING the risks to the public), they were telling a
very different narrative in private meetings. Sen. Burr told them: “It is
much more aggressive in its transmission than anything that we have seen
in recent history. It is probably more akin to the 1918 pandemic." Burr
later went on to warn those in attendance to avoid international travel
given the potential health risks.^3
So far, Sen. Burr has offered incomplete explanations for his actions and
has agreed to cooperate with the Senate Ethics Committee, but that’s not
enough.
Since the story broke regarding Senator Burr, additional reporting
indicates that other members of Congress may have engaged in similar
behavior in stock selloffs of their own. Any members of Congress who
exploited their positions to provide themselves with a financial windfall
deserve an exhaustive investigation into the legality of their actions.
[ [link removed] ]SIGN THE PETITION: Any members of Congress who participated in stock
selloffs before the coronavirus pandemic must be investigated in full! >>
If any members of Congress have profited off the coronavirus crisis, we
deserve to know the full extent of their behavior and whether they
violated the law in the process.
Profiting from a global pandemic is unacceptable for anyone, let alone our
elected officials.
[ [link removed] ]Add your name >>
In solidarity,
- Sarah, Digital Campaigns Associate
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[ [link removed] ]donate:
[1] [ [link removed] ]“Senator Dumped Up to $1.7 Million of Stock After Reassuring Public
About Coronavirus Preparedness,” ProPublica, 3/19/2020.
[2] [ [link removed] ]“Weeks Before Virus Panic, Intelligence Chairman Privately Raised
Alarm, Sold Stocks,” NPR, 3/19/20.
[3] [ [link removed] ]“Ibid.,” NPR, 3/19/20.
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