Georgia Sen. David Perdue bought stock in a company that produces protective medical equipment the same day senators received a classified briefing on the coronavirus
Sen. David Perdue of Georgia bought stock in a company that produces personal protective equipment the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported.
Perdue isn't the first US lawmaker to face scrutiny over financial activity that took place around the time senators were being privately briefed on the spread of the disease.Sen. David Perdue of Georgia bought stock in DuPont de Nemours, a chemical company that produces personal protective equipment , on the same day the Senate received a classified briefing on the spread of the novel coronavirus, The Atlanta Journal-Constitution reported on Monday.
Perdue's disclosure form lists 112 transactions, 82 of which were made on March 3. Seventy-six were stock purchases of as much as $1.8 million. The report also documents 34 stock sales worth as much as $825,000. The Journal-Constitution reported that Perdue's portfolio activity from March onward was three times busier than it was in the last 13-month period before the coronavirus hit the United States.
Perdue isn't the first lawmaker to face questions about his trading activity in the wake of the outbreak. His counterpart in Georgia, Sen. Kelly Loeffler, sold off shares following the closed-door briefing on January 24. Sen. Richard Burr of North Carolina also unloaded stocks in the weeks after the briefing.
The senators added, however, that, "Thankfully, the United States today is better prepared than ever before to face emerging public health threats, like the coronavirus, in large part due to the work of the Senate Health Committee, Congress, and the Trump Administration.", he started dumping stock on February 13, six days after writing that op-ed.
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