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Former Government Ethics Official Raises Issue of Members of Congress Holding and Trading Defense Stock

Frank Wolfe Frank Wolfe
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Former Government Ethics Official Raises Issue of Members of Congress Holding and Trading Defense Stock
Low angled view of the U.S. Capitol East Facade Front in Washington, DC.

On June 23rd this year, Sen. Deb Fischer (R-Neb.), a member of the Senate Armed Services Committee (SASC), sold between $50,001 and $100,000 of Lockheed Martin [LMT] stock held in a joint account, according to a Senate financial disclosure form. At an April 7th hearing of SASC on the DoD fiscal 2023 budget, Fischer had questioned planned reductions in U.S. Air Force and Navy force structure. “Under this budget, the Air Force is divesting 369 aircraft this year and buying…

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