boeing

Rep. Black Buys Comcast, Rep. Peters Sells APCO, Sen. Hoeven Buys Boeing

Even while Congress is legislating and providing oversight of the executive branch and government agencies, members of Congress are buying and selling stocks, according to new periodic disclosure reports of financial transactions required by the Stop Trading on Congressional Knowledge (Stock) Act.  

Rep. Diane Black, R-Tenn.,  the 14th richest member of Congress, reported her spouse bought $50,001 to $100,000 of Comcast Corporation on April 1st, and bought another $50,001 to $100,000 of Comcast on April 3rd. Black's spouse also bought $1,000,001 to $5 million of York Capital Management on March 31st. On April 3rd, he bought $100,001 to $250,000 of Unilever and the same amount of Zoeis Inc. on April 3rd.  

Study Finds Voluntary Corporate Political Spending Disclosure Lacking

Corporations that stated they would voluntarily disclose their political contributions have been criticized by an organization that went through I.R.S. reports of the recipients to see if the corporations disclosed all.  

The Citizens for Responsibility and Ethics in Washington (CREW),  a non-profit 501c3 organization, compared the political spending disclosed by 60 companies to what Section 527 political organizations reported receiving from those companies.  

Top Corporate PAC Raises More Than $4 Million

The political action committee of Honeywell International had receipts of $4.1 million in 2013, ranking it first in receipts among all federal corporate PACs.