John,
In 2020, at least 75 members of Congress owned shares in pharmaceutical companies—such as Pfizer, Moderna and Johnson & Johnson—that made COVID-19 vaccines, treatments and tests.
We also know that at least 50 members of Congress or their households hold stock in defense contractors, which receive hundreds of billions of dollars annually from congressionally-crafted Pentagon appropriations legislation.
And CREW reported that 10 senators, including those on critical committees involved in climate regulations, own between $400,000 and $1.2 million in individual stocks of Big Oil companies.
All of these statistics show the potential for serious conflicts of interest that can arise when members of Congress trade stocks.
John, it makes no sense that members of Congress are allowed to own stock in companies they regulate and trade stocks even though they have access to non-public information.
We need to make sure that our elected leaders are prioritizing their constituents, not their pocketbooks. Passing the ETHICS Act is a step toward reassuring the public that their voices are being heard and restoring faith in the integrity of our elected leaders.
We’ve said it before and we’ll keep saying it until it’s law: it’s time for a ban on Congressional stock trading. If you agree, please sign our petition today:
Thanks for adding your name in support,
CREW HQ
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