Rep. Tom Petri
Members of Congress continue to report their periodic stock transactions as required by the Stop Trading on Congressional Knowledge (STOCK) Act. Meanwhile the House Ethics Committee is still looking into a member’s stock purchases in a company that would benefit from legislation being considered by his subcommittee, as well as actions the Congressman took to help a company he invested in to retain a billion dollar defense contract.
The House Ethics Committee is still investigating the actions of Rep. Tom Petri, R-Wis., in regards to his stock purchases in Plum Creek Timber, and his actions in support of defense contractor Oshkosh. Petri, himself, had requested the committee review the matter.
Here are some of the larger transactions by members of Congress.
Sen. Mark Warner, D-Va., the third richest member, reported he purchased $500,001 to $1 million of Alexandria RC Investors LLC on 1/21. He also sold $1 million to $5 million of EJF Select Fund LP on 1/11. He also sold $1 million to $5 million of Ramsey Long Biased Fund LP on 1/22.
Rep. John Delaney, D-Md., the 6th richest member, reported he sold $1 million to $5 million in stock of CapitalSource Inc. on 3/3 and the same amount again on 3/4. On each of three days, 2/26, 2/27, and 2/28 he also sold $1 million to $5 million of CapitalSource Inc.
Rep. Diane Black, R-Tenn., the 14th richest member, reported her spouse purchased $1 million to $5 million of BBH Limited Duration on 2/27. During January he purchased $450,004 to $950,000 of BBH Limited Duration. He also purchased $250,001 to $500,000 of Artisan Funds Inc. Int’l. on 2/27.