All posts tagged "Project On Government Oversight"

For 12 years, Sen. Jeff Merkley (D-OR) has pushed for a ban on congressional stock trading, calling the practice “corrupt,” “unacceptable” and “wrong.”

The first time he and Sen. Sherrod Brown (D-OH) presented an amendment in 2012 that would prohibit members of Congress from playing the stock market, they only got 26 votes in support.

Now, Merkley is confident an amended version of the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act has enough bipartisan support that it will come out of a markup meeting with the Senate Committee on Homeland Security and Governmental Affairs on Wednesday with the votes necessary to present the amendment for a vote....

WASHINGTON — Sen. Tommy Tuberville (R-AL) recently purchased up to $250,000 worth of stock in telecommunications technology company Qualcomm Inc., a federal defense contractor, while serving on the U.S. Senate Committee on Armed Services and actively blocking hundreds of military nominations and promotions, new congressional financial disclosures indicate.

Qualcomm and its subsidiaries have been the recipient of several dozen defense and homeland security contracts during the past two decades, according to federal contracting records reviewed by Raw Story.

Among these is a Department of the Army contract with Qualcomm Intelligent Solutions, worth nearly $11.7 million with the possibility of growing to $30.4 million, related to a government program exploring "innovative, energy-efficient, and reliable computer architectures that can address the intelligence community’s large-scale data-analytic applications."...

Rep. Debbie Wasserman Schultz (D-FL), the former chairwoman of the Democratic National Committee, was seven months late disclosing a family stock sale, according to a federal financial document reviewed by Raw Story.

Wasserman Schultz’s July 11 disclosure detailed an October 2022 sale of Adams Resources and Energy Inc. stock on behalf of a dependent child and valued at between $1,001 and $15,000.

The Stop Trading on Congressional Knowledge (STOCK) Act — passed in 2012 to stop insider trading, curb conflicts-of-interest and enhance transparency — requires prompt reporting within 45 days of most purchases, sales and exchanges of stocks, bonds, commodity futures and cryptocurrency by key government officials, particularly members of Congress....

A nuclear power plant that was shut down after an earthquake struck central Virginia Tuesday had seismographs removed in 1990s due to budget cuts.

The American aerospace and defense corporation Boeing overcharged the United States Army by 131.5 percent, according to an unredacted Department of Defense Office of Inspector General audit released by Project on Government Oversight (POGO).